PJX Resources Announces Non-Brokered Private Placement Of $1.6 Million
PJX Resources (PJXRF) has announced a non-brokered private placement to raise $1.65 million through the issuance of 12,430,905 units. The offering includes both flow-through units at $0.14 and regular units at $0.12, with each unit containing one common share and one warrant exercisable at $0.20 for 24 months.
The company will use the proceeds for exploration at its Cranbrook, British Columbia properties, where recent drilling has identified three Sedimentary Exhalative (Sedex) horizons. PJX's exploration program has discovered Sullivan-style mineralization on its 100% owned 200 km虏 Dewdney Trail Property, with potential for zinc, lead, copper, silver, gold, and critical metals. The property shows promising magnetic anomalies extending over 1.6 km, with surface discoveries of mineralized boulders suggesting similarities to the historic Sullivan mine, which produced over 120 million tonnes of silver-lead-zinc ore.
[ "Fully allocated private placement raising $1.65 million for exploration funding", "Discovery of Sullivan-style mineralization with high-grade potential", "Strategic 100% ownership of 680 km虏 of mineral claims in the Sullivan Mining District", "Property location with existing infrastructure (rail, power, roads)", "Strong geological indicators with 1.6 km magnetic anomaly identified" ]PJX Resources (PJXRF) ha annunciato un collocamento privato senza intermediari per raccogliere 1,65 milioni di dollari tramite l'emissione di 12.430.905 unit脿. L'offerta comprende unit脿 flow-through a 0,14$ e unit脿 ordinarie a 0,12$, ciascuna contenente un'azione ordinaria e un warrant esercitabile a 0,20$ per 24 mesi.
I proventi saranno utilizzati per l'esplorazione delle propriet脿 di Cranbrook, British Columbia, dove perforazioni recenti hanno identificato tre orizzonti Sedimentary Exhalative (Sedex). Il programma di esplorazione di PJX ha scoperto mineralizzazioni in stile Sullivan nella sua propriet脿 Dewdney Trail di 200 km虏 interamente posseduta, con potenziale per zinco, piombo, rame, argento, oro e metalli critici. La propriet脿 presenta promettenti anomalie magnetiche estese per oltre 1,6 km, con scoperte superficiali di massi mineralizzati che suggeriscono analogie con la storica miniera Sullivan, che ha prodotto oltre 120 milioni di tonnellate di minerale di argento-piombo-zinco.
- Collocamento privato completamente allocato per finanziare l'esplorazione con 1,65 milioni di dollari
- Scoperta di mineralizzazione in stile Sullivan con potenziale ad alto grado
- Propriet脿 strategica con il 100% di possesso di 680 km虏 di concessioni minerarie nel distretto minerario di Sullivan
- Posizione della propriet脿 con infrastrutture esistenti (ferrovia, energia, strade)
- Forti indicatori geologici con un'anomalia magnetica di 1,6 km identificata
PJX Resources (PJXRF) ha anunciado una colocaci贸n privada sin intermediarios para recaudar 1,65 millones de d贸lares mediante la emisi贸n de 12.430.905 unidades. La oferta incluye unidades flow-through a 0,14$ y unidades regulares a 0,12$, cada unidad contiene una acci贸n com煤n y un warrant ejercitable a 0,20$ durante 24 meses.
La empresa utilizar谩 los fondos para exploraci贸n en sus propiedades de Cranbrook, Columbia Brit谩nica, donde recientes perforaciones han identificado tres horizontes Sedimentary Exhalative (Sedex). El programa de exploraci贸n de PJX ha descubierto mineralizaci贸n estilo Sullivan en su propiedad Dewdney Trail de 200 km虏 con propiedad al 100%, con potencial para zinc, plomo, cobre, plata, oro y metales cr铆ticos. La propiedad muestra prometedoras anomal铆as magn茅ticas que se extienden por m谩s de 1,6 km, con hallazgos superficiales de bloques mineralizados que sugieren similitudes con la hist贸rica mina Sullivan, que produjo m谩s de 120 millones de toneladas de mineral de plata-plomo-zinc.
- Colocaci贸n privada completamente asignada para financiar la exploraci贸n con 1,65 millones de d贸lares
- Descubrimiento de mineralizaci贸n estilo Sullivan con potencial de alta ley
- Propiedad estrat茅gica con 100% de propiedad de 680 km虏 de concesiones mineras en el distrito minero Sullivan
- Ubicaci贸n de la propiedad con infraestructura existente (ferrocarril, energ铆a, carreteras)
- Fuertes indicadores geol贸gicos con una anomal铆a magn茅tica de 1,6 km identificada
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須岇偓電� 鞛愱笀鞚� 敫岆Μ韹办嫓旎熂牍勳晞 韥灉敫岆） 歆�鞐� 韮愳偓鞐� 靷毄頃� 鞓堨爼鞚措┌, 斓滉芳 鞁滌稊鞐愳劀 3臧滌潣 Sedimentary Exhalative (Sedex) 歆�旄奠澊 頇曥澑霅橃棃鞀惦媹雼�. PJX鞚� 韮愳偓 頂勲攴鸽灗鞚� 100% 靻岇湢頃� 200 km虏 攴滊鞚� Dewdney Trail 甏戩偘 攵�歆�鞐愳劀 Sullivan 鞀ろ儉鞚检潣 甏戫檾 鞛戩毄鞚� 氚滉铂頄堨溂氅�, 鞎勳棸, 雮�, 甑Μ, 鞚�, 旮� 氚� 欤检殧 旮堨啀 臧�電レ劚鞚� 氤挫湢頃橁碃 鞛堨姷雼堧嫟. 鞚� 攵�歆�電� 1.6km 鞚挫儊 頇曥灔霅� 鞙犽頃� 鞛愱赴 鞚挫儊鞚� 氤挫澊氅�, 歆�響滌棎靹� 氚滉铂霅� 甏戫檾霅� 氚旍渼霌れ潃 鞐偓鞝侅澑 Sullivan 甏戩偘瓿� 鞙犾偓靹膘潉 鞁滌偓頃╇媹雼�. Sullivan 甏戩偘鞚� 1鞏� 2觳滊 韱� 鞚挫儊鞚� 鞚�-雮�-鞎勳棸 甏戩劃鞚� 靸濎偘頄堨姷雼堧嫟.
- 韮愳偓 鞛愱笀 毵堧牗鞚� 鞙勴暅 165毵� 雼煬 鞕勳爠 氚办爼 靷 氚滍枆
- 瓿犿拡鞙� 臧�電レ劚鞚� 臧�歆� Sullivan 鞀ろ儉鞚� 甏戫檾 氚滉铂
- Sullivan 甏戩偘 歆�甑� 雮� 680 km虏 甏戩偘甓� 100% 鞝勲灥鞝� 靻岇湢
- 觳犽弰, 鞝勲牓, 霃勲 霌� 旮办〈 鞚疙攧霛缄皜 臧栰栋歆� 攵�歆� 鞙勳箻
- 1.6km 鞛愱赴 鞚挫儊 頇曥澑 霌� 臧曤牓頃� 歆�歆堩暀鞝� 歆�響�
PJX Resources (PJXRF) a annonc茅 un placement priv茅 sans courtier visant 脿 lever 1,65 million de dollars par l'茅mission de 12 430 905 unit茅s. L'offre comprend des unit茅s flow-through 脿 0,14 $ et des unit茅s ordinaires 脿 0,12 $, chaque unit茅 comprenant une action ordinaire et un bon de souscription exer莽able 脿 0,20 $ pendant 24 mois.
La soci茅t茅 utilisera les fonds pour l'exploration de ses propri茅t茅s de Cranbrook, Colombie-Britannique, o霉 des forages r茅cents ont identifi茅 trois horizons Sedimentary Exhalative (Sedex). Le programme d'exploration de PJX a d茅couvert une min茅ralisation de type Sullivan sur sa propri茅t茅 Dewdney Trail de 200 km虏 d茅tenue 脿 100 %, avec un potentiel pour le zinc, le plomb, le cuivre, l'argent, l'or et les m茅taux critiques. La propri茅t茅 pr茅sente des anomalies magn茅tiques prometteuses s'茅tendant sur plus de 1,6 km, avec des d茅couvertes superficielles de blocs min茅ralis茅s sugg茅rant des similitudes avec la mine historique Sullivan, qui a produit plus de 120 millions de tonnes de minerai argent-plomb-zinc.
- Placement priv茅 enti猫rement souscrit de 1,65 million de dollars pour financer l'exploration
- D茅couverte d'une min茅ralisation de type Sullivan avec un potentiel de haute teneur
- Propri茅t茅 strat茅gique 脿 100 % de 680 km虏 de concessions mini猫res dans le district minier de Sullivan
- Emplacement de la propri茅t茅 avec infrastructures existantes (rail, 茅lectricit茅, routes)
- Forts indicateurs g茅ologiques avec une anomalie magn茅tique de 1,6 km identifi茅e
PJX Resources (PJXRF) hat eine nicht vermittelte Privatplatzierung angek眉ndigt, um 1,65 Millionen US-Dollar durch die Ausgabe von 12.430.905 Einheiten zu beschaffen. Das Angebot umfasst sowohl Flow-Through-Einheiten zu 0,14 $ als auch regul盲re Einheiten zu 0,12 $, wobei jede Einheit eine Stammaktie und einen Warrant enth盲lt, der f眉r 24 Monate zu 0,20 $ ausge眉bt werden kann.
Das Unternehmen wird die Erl枚se f眉r die Exploration auf seinen Cranbrook, British Columbia Grundst眉cken verwenden, wo k眉rzliche Bohrungen drei Sedimentary Exhalative (Sedex) Horizonte identifiziert haben. Das Explorationsprogramm von PJX hat Sullivan-盲hnliche Mineralisierung auf seinem zu 100 % geh枚renden 200 km虏 gro脽en Dewdney Trail Grundst眉ck entdeckt, mit Potenzial f眉r Zink, Blei, Kupfer, Silber, Gold und kritische Metalle. Das Grundst眉ck weist vielversprechende magnetische Anomalien 眉ber eine L盲nge von mehr als 1,6 km auf, wobei mineralisierte Findlinge an der Oberfl盲che 脛hnlichkeiten mit der historischen Sullivan-Mine aufweisen, die 眉ber 120 Millionen Tonnen Silber-Blei-Zink-Erz f枚rderte.
- Vollst盲ndig zugewiesene Privatplatzierung zur Finanzierung der Exploration in H枚he von 1,65 Millionen US-Dollar
- Entdeckung von Sullivan-盲hnlicher Mineralisierung mit hohem Gehaltspotenzial
- Strategischer 100%iger Besitz von 680 km虏 Mineralclaims im Sullivan Mining District
- Lage der Liegenschaft mit vorhandener Infrastruktur (Schiene, Strom, Stra脽en)
- Starke geologische Indikatoren mit einer 1,6 km langen magnetischen Anomalie
- None.
- Potential dilution from the issuance of new shares and warrants
- Insider participation in private placement creating related party transactions
- Extended timeline for flow-through expenditure requirements until December 2026
TORONTO, ON / / July 9, 2025 / PJX Resources Inc. ("PJX" or the "Company") is pleased to announce a non-brokered private placement (the "Private Placement") of 12,430,905 units of the Company for gross proceeds of
Each Flow Through Unit consists of one common share to be issued as a "flow-through share" within the meaning of the Income Tax Act (Canada) and one common share purchase warrant. Each Unit consists of one common share and one common share purchase warrant. Each warrant acquired, whether with a Flow Through Unit or a Unit, will entitle the holder to purchase one common share at an exercise price of
Certain directors of PJX, may participate in the private placement. As insiders, the subscriptions of these parties will be considered to be a "related party transaction" within the meaning of TSXV Policy 5.9 and Multilateral Instrument 61-101 ("MI 61-101"). PJX intends to rely on the exemptions from the valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(a) of MI 61-101 in respect of such insider participation.
Finders fees comprised of cash and non-transferable Warrants may be paid in respect of the Private Placement. The Warrants will entitle the holder to purchase one common share at an exercise price of
All securities issuable in connection with the Private Placement will be subject to a statutory hold period in Canada which will run for four months from the date of the closing of the Private Placement. The Private Placement is subject to compliance with applicable securities laws and to receipt of the final approval and acceptance of the TSX Venture Exchange.
PJX intends to use the net proceeds of the Private Placement for expenditures on its properties located in Cranbrook, British Columbia, and for general working capital purposes. The Company will expend an amount equal to the gross proceeds received by the Company from the sale of the Flow Through Units, pursuant to the provisions in the Income Tax Act (Canada), to incur eligible "Canadian exploration expenses" that qualify as "flow-through critical mineral mining expenditures" as both terms are defined in the Income Tax Act (Canada) (the "Qualifying Expenditures") related to the Company's projects in British Columbia, on or before December 31, 2026, and to renounce all the Qualifying Expenditures in favour of the subscribers of the Flow Through Units effective December 31, 2025.
Exploration Update
PJX Resources Inc. ("PJX" or the "Company") is pleased to announce that drilling will commence to test 3 Sedimentary Exhalative (Sedex) horizons identified by drilling during 2024. (see news release January 17, 2024). Each horizon has the potential to host a Sedex type deposit possibly similar to the Sullivan mine located about 20 km to the west. The potential to discover a zinc, lead, copper, silver, gold, and critical metal deposit is greatly supported by the presence of Sullivan style and grade boulders discovered at surface by prospectors. The boulders and mineralisation occur near the center of PJX's
John Keating, President of PJX, commented, "This recent additional financing will allow PJX to explore throughout the Summer and into the Fall. The possibility to discover a Sullivan type deposit with infrastructure (rail, power, roads) adjacent to the property makes the Dewdney Trail exploration potential very attractive. The Sullivan mine operated for over 90 years and produced more than 120 million tonnes of silver-lead-zinc ore before it closed in 2001. The Geological Survey of Canada reports a geological resource for the Sullivan deposit of more than 160 million tonnes averaging
PJX's New Discovery Potential
PJX owns
The geological disclosure and content of this news release has been reviewed and approved by John Keating P.Geo. (qualified persons for the purpose of National Instrument 43-101 Standards of Disclosure for Mineral Projects). Mr. Keating is the President, Chief Executive Officer and a Director of PJX.
About PJX Resources Inc.
PJX is a mineral exploration company focused on building shareholder value and community opportunity through the exploration and development of mineral resources with a focus on gold, silver and base metals (zinc, lead, copper, nickel). PJX's properties are located in the historical Sullivan Mine District and Vulcan Gold Belt near Cranbrook and Kimberley, British Columbia. Please refer to our web site for additional information.
FOR ADDITIONAL INFORMATION PLEASE CONTACT:
Linda Brennan, Chief Financial Officer
(416) 799-9205
[email protected]
Cautionary Note Regarding Forward-Looking Information
The information in this news release has been prepared as at the date noted above. Certain statements in this news release, referred to herein as "forward-looking statements", constitute "forward-looking statements" under the provisions of Canadian provincial securities laws. These statements can be identified by the use of words such as "expected", "may", "will" or similar terms.
Forward-looking statements are necessarily based upon a number of factors and assumptions that, while considered reasonable by PJX Resources Inc. as of the date of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Many factors, known and unknown, could cause actual results to be materially different from those expressed or implied by such forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date made. Except as otherwise required by law, PJX Resources Inc. expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any such statements to reflect any change in PJX Resources Inc.'s expectations or any change in events, conditions or circumstances on which any such statement is based.
Cautionary Note to US Investors:
This news release may contain information about adjacent properties on which PJX Resources Inc. has no right to explore or mine. We advise U.S. investors that the SEC's mining guidelines strictly prohibit information of this type in documents filed with the SEC. U.S. investors are cautioned that mineral deposits on adjacent properties are not indicative of mineral deposits on our properties. This news release may contain forward- looking statements including but not limited to the various prices and volume of the strategic investment; the use of proceeds from the Strategic Investment, and the structure of the Strategic Investment, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE: PJX Resources Inc.
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FAQ
What are the terms of PJX Resources' (PJXRF) private placement announced in July 2025?
What is the significance of PJX Resources' Sullivan-style mineralization discovery?
How large is PJX Resources' Dewdney Trail Property and what are its key features?
When will PJX Resources begin drilling at the Dewdney Trail Property?
How will PJX Resources use the proceeds from the July 2025 private placement?
