PPX Mining's placement to be for $2.58-million

Executive Summary

• PPX Mining Corp.’s upsized non‑brokered private placement is fully subscribed, issuing 22,434,813 units for gross proceeds of $2.58 million.
• Each unit consists of one common share and one warrant (exercise price $0.14, exercisable for 24 months post‑closing).
• Proceeds will be used to fund continued exploration at the Mina Callanquitas project and for general working capital.

Key Details

• Total Units Issued: 22,434,813 units.
• Pricing: $0.115 per unit (11.5 cents).
• Gross Proceeds: $2,580,004.
• Unit Composition: 1 common share + 1 common share purchase warrant.
• Warrant Terms: Right to acquire one additional common share at $0.14 per share; exercisable for 24 months after closing.
• Use of Proceeds: Advancement of exploration activities at the Mina Callanquitas project and general working capital.
• Closing Timeline: Expected on or before September 30, 2025, subject to customary documentation and regulatory approvals (including TSX Venture Exchange).
• Statutory Hold Period: All issued securities subject to a four‑month‑plus‑one‑day hold period under Canadian securities law.
• Finders’ Fees: May be payable to qualified arm’s‑length parties in connection with the offering.

Notable Quotes

(No executive quotes were provided in the release.)