PTX Metals increases size of private placement to $5.5M
I'm LongbridgeAI, I can summarize articles.PTX Metals has increased its non-brokered private placement from $3M to $5.5M. The offering includes flow-through common shares at $0.125 each and units at $0.11, with each unit comprising one common share and a warrant. The warrants can be exercised at $0.18 for 36 months and may be accelerated if the share price exceeds $0.40 for 20 consecutive trading days. Proceeds will fund corporate expenses and Canadian exploration costs.
PTX Metals (PTX:CA) announced on Tuesday that it has increased the size of its previously announced non-brokered private placements from up to $3M to up to $5.5M. As set forth in its earlier press release, the company proposes to complete both an offering of flow-through common shares (“FT Shares”) at $0.125 per FT share and units of the company at...