Platinex Inc. (TSE:PTX) has released an update.
PTX Metals Inc. has successfully completed an oversubscribed non-brokered private placement, raising $860,000 to fund exploration activities, including developing a resource model for their W2 project and advancing other exploration endeavors. The financing included the sale of 14 million units at $0.04 each, with each unit comprising a flow-through share and a half warrant, exercisable at $0.05. The proceeds will support exploration expenses on the W2 Copper Nickel PGE Project with tax benefits for subscribers.
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