Pasinex Resources Closes Over-Subscribed Non-Brokered Private Placement

Pasinex Resources Limited (CSE:PSE,FSE:PNX) announced it has closed a non-brokered private placement of 12,000,000 units at a price of $0.05 per unit for gross proceeds of $600,000; twice that which was anticipated.
The proceeds of this private placement are to bring in international expertise in carbonate replacement deposits to continue evaluation of the exploration potential of this virtually unexplored Horzum zinc trend; to clear a significant backlog of unassayed mineralized drill-core and to cover the Company’s general and administrative expenses.
 
Pasinex President and CEO, Steve Williams, stated:

We are delighted to see such strong support for this placement. We appreciate the ongoing support of our board of directors and existing shareholders. I am pleased to welcome some new shareholders from both Europe and Canada. The future looks bright and we look forward to communicating further progress in 2016.

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