Pasinex Announces $500,000 Non-brokered Private Placement

Pasinex thumbPasinex Resources Ltd. (CSE:PSE) announced plans to raise $500,000 via a non-brokered private placement. It will consist of 3,846,153 units priced at $0.13 each, and the proceeds will be used for general and administrative expenses and exploration at the company’s Turkey-based Pinargozu zinc-lead project.

As quoted in the press release:

Each Unit will consist of one common share and one half of a share purchase warrant (the ‘Warrant’). Each whole Warrant will be exercisable into one additional common share (the ‘Warrant Share’) of the Company at $0.20 per Warrant Share for a period of three years from the closing.

Finder’s fees or commissions may be payable by the Company in connection with this private placement.

The common shares issued or issuable pursuant to the Private Placement will be restricted from trading for a four month hold period in accordance with applicable securities laws and, if required, the policies of the Exchange.

Click here to read the full Pasinex Resources Ltd. (CSE:PSE) press release.

Click here to view the Pasinex Resources Ltd. (CSE:PSE) profile.

Get the Latest Zinc Investing Stock Information

Get the latest information about companies associated with Zinc Investing delivered directly to your inbox.

+ see more

Select All Select None

By selecting company or companies above, you are giving consent to receive email from those companies. And remember you can unsubscribe at any time.

Comments

Leave a Reply