Pasinex Resources Closes Private Placement

Pasinex Resources (CSE:PSE) has closed a non-brokered private placement for gross proceeds of up to $100,100. The placement consisted of 910,000 units at a price of $0.11 per unit, with each unit consisting of one common share and one half share of a purchase warrant.

As quoted in the press release:

The proceeds of this private placement are for the Company’s general and administrative expenses as well as for ongoing exploration activity on the Pinargozu zinc-lead project in Adana Province, Turkey. Pinargozu is a joint venture 50% owned by Pasinex’s partner in Adana, Akmetal Madencilik San ve Tic A.Ş.

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