PPX Mining Announces Private Placement

PPX Mining Corp. (PPX) has announced a non-brokered private placement with a single investor for up to 62,500,000 units at a price of Cdn$0.062 per unit, aiming to raise Cdn$3,875,000 in total.

Each unit includes one common share and one non-transferable common share purchase warrant. Each warrant allows the holder to purchase one additional common share at an exercise price of Cdn$0.095 per share within 24 months from the issue date.

The proceeds from this offering will be used for general working capital purposes. The transaction is being conducted pursuant to prospectus exemptions and requires final approval from the TSX Venture Exchange. Multiple tranches may be necessary to complete the offering.

PPX Mining Corp. is a Canadian mining company with assets in northern Peru, including the Igor gold and silver project.