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The latest update is out from PJX Resources ( (TSE:PJX) ).
PJX Resources Inc. has successfully closed the first tranche of its non-brokered private placement, raising $1,652,460 through the issuance of 12,430,905 units. The funds will be used for exploration expenditures on its properties in Cranbrook, British Columbia, and for general working capital. The private placement involves both flow-through and non-flow-through units, with directors participating as insiders, marking it a related party transaction. The completion of this private placement is expected to bolster PJX’s exploration efforts and strengthen its financial position in the mineral exploration industry.
More about PJX Resources
PJX Resources Inc. is a mineral exploration company focused on enhancing shareholder value and community opportunities through the exploration and development of mineral resources, particularly gold, silver, and base metals such as zinc, lead, copper, and nickel. The company’s properties are situated in the historical Sullivan Mine District and Vulcan Gold Belt near Cranbrook and Kimberley, British Columbia.
Average Trading Volume: 41,005
Technical Sentiment Signal: Sell
Current Market Cap: C$24.95M
See more data about PJX stock on TipRanks’ Stock Analysis page.