Core Points - PTX Metals Inc. has successfully closed the fourth and final tranche of its non-brokered private placement, raising a total of $413,389.98 in this tranche alone [1] - The total proceeds raised from the entire private placement amounted to $6,649,604.80, which included various types of units issued [1] - The company plans to utilize the proceeds from the hard dollar units for general corporate expenses and working capital [5] Summary by Category Financial Details - In the fourth tranche, PTX issued 529,185 flow-through units at $0.135 each, generating gross proceeds of $71,439.98 [1] - Additionally, 3,419,500 hard dollar units were issued at $0.10 each, resulting in gross proceeds of $341,950 [1] - The total amount raised from the issuance of charity flow-through units, flow-through units, and hard dollar units was significant, with 15,000,000 charity flow-through units and 30,000,000 hard dollar units included in the overall total [1] Finder's Fees and Warrants - The company paid $52,534.55 in finders fees and issued 966,251 finder warrants, allowing holders to purchase common shares at $0.14 for two years [2] - The finders warrants are subject to a statutory hold period of four months and one day [2] Use of Proceeds - Proceeds from the charity flow-through units will be allocated to eligible Canadian exploration expenses related to the company's projects in Ontario [6] - The company intends to incur qualifying expenditures by December 31, 2026, with renouncement to initial purchasers by December 31, 2025 [6] Insider Participation - Jean-David Moore, a director of the company, purchased 150,000 hard dollar units, which is classified as a related party transaction [7] - The company is relying on exemptions from valuation and minority approval requirements due to the limited impact of the insider's participation on the overall market capitalization [7] Company Overview - PTX Metals Inc. is focused on mineral exploration in northern Ontario, targeting strategic metals such as Copper, Gold, Nickel, and PGEs [8] - The company aims to advance its flagship projects, including the W2 Cu-Ni-PGE project and the Shining Tree Gold Project [9]