Financings

PTX Metals Inc. Announces Third Closing of Private Placement

By The Northwire Desk — AI Analysis Oct 07, 2025 · 07:58 PTX · 0.10 PTX Metals Inc.

PTX · Price

PTX Metals closed the third tranche of its non‑brokered private placement, raising a total of $1,737,284.82 in this closing and $6,236,214.82 to date.
The offering consisted of charity flow‑through units (CFT), hard‑dollar units (HD) and regular flow‑through units (FT) with varying pricing and warrant structures.
Proceeds will be used for general corporate purposes (HD Units) and eligible Canadian exploration expenses on Ontario projects (CFT Units).

Units Issued – Third Tranche
Charity Flow‑Through Units (CFT): 9,666,667 units @ $0.15 each → $1,450,001.55 gross proceeds.
Hard Dollar Units (HD): 2,073,333 units → $207,333.30 gross proceeds.
Flow‑Through Units (FT): 592,222 units @ $0.135 each → $79,949.97 gross proceeds.
Total Third Tranche Proceeds: $1,737,284.82.
Cumulative Capital Raised: Including prior closings, total raised to date = $6,236,214.82.
Finder Compensation: Paid $48,193.97 in finder fees; issued 701,022 Finder Warrants (exercise price $0.14, two‑year term, subject to a four‑month plus one‑day hold period).
Unit Structure:
Each HD and CFT Unit = 1 common share + ½ share purchase warrant.
Each FT Unit = 1 common share + ½ share purchase warrant (subject to a four‑month + 1‑day hold).
Warrants exercisable at $0.16 per share for 36 months; LIFE‑exempt warrants have a 61‑day restriction on exercise.
Use of Proceeds:
HD Units: General corporate expenses and working capital.
CFT Units: To be applied to eligible Canadian exploration expenditures (flow‑through critical mineral mining expenditures) on PTX’s Ontario projects, incurred by 31 Dec 2026 and renounced to purchasers by 31 Dec 2025 in an amount ≥ gross CFT proceeds.
Regulatory Filings: Amended & restated offering document filed per Form 45‑106F19; available on SEDAR+ and company website.

(No direct quotes were included in the release.)

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