PPX Mining Closes Oversubscribed Private Placement

An announcement from PPX Mining ( (TSE:PPX) ) is now available.

PPX Mining Corp. announced the successful closing of an oversubscribed private placement, raising $802,303. The funds will be used for further exploration at Mina Callanquitas and for working capital. The offering included the issuance of 17,828,945 units, each consisting of one common share and one warrant. Key company insiders participated in the offering, which was exempt from certain regulatory requirements due to the size of their participation. The securities are subject to a four-month hold period and pending final approval from the TSX Venture Exchange.

More about PPX Mining

PPX Mining Corp. is a Canadian-based mining company with assets in northern Peru. Its flagship project, Igor, is a 100%-owned gold and silver project located in the Northern Peru gold belt in eastern La Libertad Department.

YTD Price Performance: 36.36%

Average Trading Volume: 81,002

Technical Sentiment Signal: Sell

Current Market Cap: C$30.86M

For an in-depth examination of PPX stock, go to TipRanks’ Stock Analysis page.