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PJX Resources Inc.(TSXV:PJX) announced that it closed a private placement as previously announced on Sept 17, 2012 for gross proceeds of $1,485, 720. The Company will use the proceeds to fund further exploration on its Canadian mineral projects.
As quoted in the press release:
The amended private placement was oversubscribed and closed with the issuance of 8,939,500 million units for total proceeds of $1,485,720 through the issuance of 1,385,000 flow through units (“Flow Through Unit”) at a price of $0.20 per flow through unit, and 7,565,500 non-flow-through units (“Unit”) at a price of $0.16 per non-flow through unit.
PJX Resources, President and CEO, John Keating, commented:
This financing will allow PJX to test new, large target areas for gold and other metals. Many of these targets were identified by compiling historical work with new mapping and modern airborne technologies. We expect that more targets will be identified as we continue to focus our exploration on areas with the greatest potential for discovery.
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