Toronto, Ontario – December 14, 2011 – PJX Resources Inc. (“PJX”) is pleased to announce it has completed initial trenching and drilling programs on the large Dewdney Trail gold property near Cranbrook, British Columbia. The Dewdney Trail Property has potential to host large tonnage Sediment-Hosted-Vein (SHV) gold deposits. An airborne geophysical survey has identified more than 20 (magnetic and/or conductive) target areas for follow-up on the property. Target areas all occur in a broad predominantly quartzite rock unit that contains anomalous gold ranging up to 15 g/t in grab samples. The quartzite unit ranges from 75m to over 200m in true width and can be traced for over 12 kilometres on the property.
Toronto, Ontario – November 8, 2011 – PJX Resources Inc. (“PJX”) is pleased to announce it has increased its land holdings from 27,900 hectares to over 40,700 hectares, a 45% increase, at its gold properties near Cranbrook, British Columbia, Canada. The new claims are contiguous with favourable geology hosting gold mineralization on the properties.
Toronto, Ontario – October 24, 2011 – PJX Resources Inc. (“PJX”) is pleased to announce exploration is well underway on the Dewdney Trail Property.
Toronto, Ontario – September 14, 2011 – PJX Resources Inc. (the “Corporation” or “PJX”) is pleased to announce it has commenced trading on the TSX-V with the symbol PJX.
Toronto, Ontario – September 9, 2011 – PJX Resources Inc. (the “Corporation” or “PJX”) is pleased to announce that it has completed its initial public offering (the “Offering”). Pursuant to the Offering, the Corporation issued (i) an aggregate of 10,500,000 common shares at a price of $0.20 per common share, and (ii) 1,600,000 common shares that qualify as “flow-through shares” as defined in subsection 66(15) of the Income Tax Act (Canada) at a price of $0.25 per flow-through common share (collectively, the “Securities”), for total gross proceeds of $2,500,000. The Securities were qualified for distribution pursuant to the final prospectus of the Corporation dated June 29, 2011 (the “Prospectus”), filed in the provinces of British Columbia, Alberta and Ontario. The Offering was completed through PI Financial Corp. (the “Agent”).