PJX Resources Completes Private Placement to Fund Exploration

PJX Resources ( (TSE:PJX) ) has provided an announcement.

PJX Resources Inc. has successfully closed the final tranche of its non-brokered private placement, raising gross proceeds of $1,652,460. The funds will be used for exploration expenditures on its properties in Cranbrook, British Columbia, and for general working capital. The placement involved issuing units on both a flow-through and non-flow-through basis, with participation from company insiders. The exploration efforts are focused on the Dewdney Trail Property, which has potential for discovering a Sullivan-type deposit, enhancing the company’s prospects in the mineral exploration industry.

More about PJX Resources

PJX Resources Inc. is a mineral exploration company focused on gold, silver, and base metals such as zinc, lead, copper, and nickel. The company aims to build shareholder value and community opportunities through the exploration and development of mineral resources. PJX’s properties are located in the historical Sullivan Mine District and Vulcan Gold Belt near Cranbrook and Kimberley, British Columbia.

Average Trading Volume: 43,410

Technical Sentiment Signal: Hold

Current Market Cap: C$23.56M

For an in-depth examination of PJX stock, go to TipRanks’ Overview page.