Financings

PTX Metals Inc. Announces Final Closing of Private Placement

By The Northwire Desk — AI Analysis Oct 14, 2025 · 08:46 PTX · 0.11 PTX Metals Inc.

PTX · Price

PTX Metals Inc. completed the fourth and final tranche of its non‑brokered private placement, raising $413,389.98 in this closing and bringing total proceeds to $6,649,604.80.
The offering included 529,185 flow‑through units at $0.135 each, 3,419,500 hard‑dollar units at $0.10 each, and associated finder warrants; a director purchased 150,000 hard‑dollar units as an insider transaction.
Proceeds will be used for general corporate purposes (hard‑dollar units) and to fund eligible Canadian exploration expenses on Ontario projects (charity flow‑through units).

Units Issued – Final Tranche
529,185 FT Units @ $0.135 per unit → $71,439.98 gross proceeds.
3,419,500 HD Units @ $0.10 per unit → $341,950.00 gross proceeds.
Total Gross Proceeds – Final Tranche: $413,389.98.
Cumulative Financing (all tranches): $6,649,604.80 raised from:
15,000,000 Charity Flow‑Through Units (CFT)
10,367,434 FT Units
30,000,000 HD Units
Finder Compensation: $52,534.55 paid in finder fees; 966,251 Finder Warrants issued (exercise price $0.14, two‑year term, subject to a four‑month + 1‑day hold period).
Unit Structure
Each Unit/FT Unit = 1 common share + ½ share purchase warrant.
Warrants exercisable at $0.16 per share for 36 months; LIFE‑exempt warrants have a 61‑day restriction on exercise.
Insider Participation: Director Jean‑David Moore purchased 150,000 HD Units (related‑party transaction). No material change in insider ownership percentage; exemption from valuation/minority approval applied.
Use of Proceeds
HD Units: General corporate expenses and working capital.
CFT Units: Eligible Canadian exploration expenditures on Ontario projects, to be incurred by Dec 31 2026 and renounced to purchasers by Dec 31 2025 in an amount ≥ gross CFT proceeds.
Regulatory Exemptions
HD and CFT Units issued under the Listed Issuer Financing Exemption (LIFE) – no hold period.
FT Units sold under other prospectus exemptions – subject to a four‑month + 1‑day hold period.

No direct quotes were included in the release.

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