PTX Metals Inc. Announces Third Closing of Private Placement

Core Viewpoint - PTX Metals Inc. has successfully closed the third tranche of its non-brokered private placement, raising a total of $1,737,284.82, contributing to an overall total of $6,236,214.82 raised to date [1][2]. Group 1: Financial Details - The third tranche included the issuance of 9,666,667 charity flow-through units at $0.15 each, generating gross proceeds of $1,450,001.55 [1]. - Additionally, 2,073,333 hard dollar units were issued for gross proceeds of $207,333.30, and 592,222 flow-through units were sold at $0.135 each, raising $79,949.97 [1]. - The company paid $48,193.97 in finders fees and issued 701,022 finder warrants, allowing holders to purchase common shares at $0.14 for two years [2]. Group 2: Use of Proceeds - Proceeds from the hard dollar units will be allocated for general corporate expenses and working capital [5]. - Gross proceeds from the charity flow-through units will be used for eligible Canadian exploration expenses related to the company's projects in Ontario, with expenditures to be incurred by December 31, 2026 [6]. Group 3: Regulatory Compliance - The HD Units and CFT Units were issued under the Listed Issuer Financing Exemption, which allows the underlying securities to be free from hold periods under Canadian securities laws [3]. - The flow-through units are subject to a hold period of four months and one day following issuance [3]. Group 4: Company Overview - PTX Metals Inc. is focused on high-quality strategic metals assets in northern Ontario, including copper, gold, nickel, and PGEs [8]. - The company aims to advance its flagship projects, the W2 Cu-Ni-PGE and the Shining Tree Gold Project, located in mineral-rich regions [9].