Pasinex Resources Announces a $500,000 Non-brokered Private Placement

Pasinex Resources Limited (CSE:PSE,FSE:PNX) announced a non-brokered private placement of 10,000,000units at a subscription price of $0.05 per Unit to eligible subscribers for gross proceeds of up to $500,000. Each Unit will consist of one common share and one half of a share purchase warrant. Each whole Warrant will be exercisable into one additional common share of the Company at $0.10 per Warrant Share for a period of twelve months from closing.
The proceeds of this Private Placement are for the Company’s general and administrative expenses, as well as, ongoing exploration activity on the Pinargozu Zinc Project in Adana Province, Turkey.
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