Pasinex Resources Closes Non-brokered Private Placement

Pasinex Resources (CSE:PSE) has closed a non-brokered private placement for gross proceeds of up to $370,150. Proceeds from the placement will be used for general and administrative expenses as well as for ongoing exploration activity at the Pinargozu zinc-lead project in Turkey.

As quoted in the press release:

Each Unit consists 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 $0.18 per Warrant Share for a period of two years from the closing.

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