PTX Metals Inc. Announces Private Placement Offerings

Core Viewpoint - PTX Metals Inc. is initiating a non-brokered private placement to raise up to $1,500,000 by issuing units at a price of $0.10 per unit, which will consist of one common share and one-half of a share purchase warrant [1] Group 1: Offering Details - The offering will issue units at a price of $0.10 per unit, aiming for gross proceeds of up to $1,500,000 [1] - Each unit includes one common share and one-half of a warrant, with each whole warrant exercisable at $0.16 for 36 months [1] - The offering will be conducted under the Listed Issuer Financing Exemption, allowing units to be sold without a hold period under Canadian securities laws [2] Group 2: Use of Proceeds - Funds raised from the offering will be allocated for general corporate purposes [4] Group 3: Concurrent Private Placement - Concurrently, the company will complete a private placement of charity flow-through units at $0.15 to raise $1,500,000 and flow-through units at $0.135 to raise $500,000 [5] - The proceeds from the concurrent private placement will be used for eligible Canadian exploration expenses related to the company's projects in the Yukon Territory [7] Group 4: Closing and Regulatory Approvals - The closing of the offering and concurrent private placement may occur in multiple tranches, with the expected closing date on September 25, 2025 [8] - The offerings are subject to regulatory approvals and acceptance by the TSX Venture Exchange [8] Group 5: Insider Participation - Insiders may participate in the offering and concurrent private placement, which will be considered related party transactions [9] Group 6: Company Overview - PTX Metals Inc. is focused on high-quality strategic metals assets in northern Ontario, including copper, gold, nickel, and PGEs [11] - The company aims to advance its assets, particularly two flagship projects: the W2 Cu-Ni-PGE project and the Shining Tree Gold Project [12]