PPX Mining arranges $1.49-million private placement

Executive Summary

• PPX Mining Corp. announces a non‑brokered private placement of up to 13 million units for gross proceeds of up to C$1,495,000.
• Each unit consists of one common share and one warrant (exercise price C$0.14, 24‑month term).
• Proceeds will be used to fund further exploration at the Mina Callanquitas project and for general working capital.

Key Details

• Units Offered: Up to 13 million units at C$0.115 per unit.
• Gross Proceeds Target: Up to C$1,495,000.
• Unit Composition: 1 common share + 1 common share purchase warrant.
• Warrant Terms: Right to acquire one additional common share at C$0.14 per share; exercisable for 24 months from closing date.
• Use of Proceeds: Finance further exploration at Mina Callanquitas (northern Peru) and provide working capital.
• Closing Date: Expected on or around September 30, 2025, subject to documentation and regulatory approvals (TSX Venture Exchange).
• Holding Period: Any shares issued (including those from warrant exercises) within four months of closing will be subject to a four‑month hold period under Canadian securities laws.
• Offering Flexibility: Company may increase or decrease the size of the offering, pending TSX Venture Exchange approval.
• Finder’s Fees: May be payable to arm’s‑length finders involved in the placement.