The Company was incorporated as 1532063 Alberta Inc. under the Business Corporations Act (Alberta) on April 22, 2010. On March 7, 2011, the Company filed a certificate of continuance from the Registrar of Corporations for the Province of Alberta and changed its governing jurisdiction to the Province of Ontario and changed its name from 1532063 Alberta Inc. to PJX Resources Inc.
In July, 2011, PJX Resources became a publicly trading company on the TSX Venture Exchange under the trading symbol PJX.
On September 14, 2010 the Company entered into an option agreement with Ruby Red Resources Inc. (now SG Spirit Gold Inc. (“SG”)), to earn an interest in four mineral properties: the Dewdney Project and the Zinger Property, the Eddy Property and the Vine Property. The properties are all located in the Cranbrook area of British Columbia, Canada.
Under the terms of the Option Agreement, PJX had the option to acquire up to an 80% interest in the Mineral Properties over a term of four years by completing work commitment amounts in the aggregate of $2,500,000 on the Mineral Properties and making staged cash payments to SG totalling $215,000 over a four-year period.
In October 2013, PJX acquired a 100% interest in the Dewdney Trail, Zinger, Eddy and Vine Properties that were initially under option to PJX. To complete the acquisition, PJX made the remaining aggregate cash payment of $125,000 that would have had to had been made under the Option Agreement and issued 500,000 shares to SG.
In April 2012, the Vine Property was expanded from a 640 hectare (ha) land position to over 6,300 ha by optioning the Vine Extension Property from Klondike Gold Corp. PJX can earn a 50% interest in the Vine Extension Property by completing $1.5 million in work and make share payments to a maximum total of 200,000 common shares over a 5 year period.
PJX’s principal business is the acquisition, exploration and development of mineral resource properties in Canada.
The Company’s goal is to become a producer of gold and other metals through exploration, discovery, and development of mineral resources in a responsible manner with due care given to public interest and the environment.
PJX Resources Inc. prides itself on its commitment to a culture of honesty, integrity and accountability. We strive to operate in accordance with the highest ethical standards and applicable laws and regulations.
Mr. Keating has over 30 years of experience in the mining and exploration industry. He conducted early and advanced stage exploration with Noranda and was a global commodity analyst for gold, silver, and base metals with the Federal Government of Canada. During the last 10 years, Mr. Keating was president and chief executive officer for Black Bull Resources and Golden Chalice Resources. Mr. Keating holds a Bachelor of Science (Geology) from Concordia University, Montreal, Quebec.
Mr. Pearson is a geologist with over 20 years experience in the mining and capital markets sectors. His background in mining comprises both exploration and production. Mr. Pearson’s capital markets experience includes equity and debt research and investment banking as a vice president. He is currently president of Locarno Advisory Inc., a boutique advisory firm specializing in corporate mergers and acquisitions, strategic advisory, asset review and asset disposition. Mr. Pearson holds Bachelor of Science (Geology) and Masters of Business Administration degrees from the University of Alberta and Queen’s University, respectively.