PPX Announces Extension of TSXV Conditional Acceptance of Private Placement of Units
Tuesday, April 2, 2019 7:30 AM
VANCOUVER, BC / ACCESSWIRE / April 2, 2019 / PPX Mining Corp. (the "Company" or "PPX") is pleased to announce that the TSX Venture Exchange (the "Exchange") has consented to an extension of its conditional acceptance of the Company's non-brokered private placement (the "Private Placement"), which was previously announced on December 6, 2018, for up to 53,333,334 units (each, a "Unit") at a price of $0.075 per Unit for gross proceeds of up to $4,000,000. Pursuant to the closing of the first tranche of the Private Placement announced on February 12, 2019, the Company issued 18,999,998 Units for aggregate gross proceeds of $1,424,999.85. Pursuant to the extension of the conditional acceptance from the Exchange, the Company has until May 1, 2019 to complete the balance of the Private Placement.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws, unless an exemption from such registration is available.
On behalf of the Board of Directors
Brian J. Maher
President and Chief Executive Officer
FOR FURTHER INFORMATION, PLEASE CONTACT:
PPX Mining Corp.
Brian J. Maher, President and Chief Executive Officer
Email: [email protected]
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE: PPX Mining Corp.