PPX Mining (TSE:PPX) has released an update.
PPX Mining Corp has initiated a private placement to raise up to Cdn$3,875,000 by offering 62,500,000 units at Cdn$0.062 each, with each unit comprising a share and a purchase warrant. The proceeds will support general working capital needs and the placement is subject to TSX Venture Exchange approval. The company, owning the Igor gold and silver project in Peru, is expanding its financial base to further its operations.
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