PJX Resources Inc. | TSX-V: PJX

TSX-V: PJX

Building Resource Opportunity

PJX Closes First Tranche Of Private Placement

October 31, 2016admin2016, NewsComments Off

Toronto, Ontario – October 31, 2016 – PJX Resources Inc. (“PJX” or “the Company”) is pleased to announce it has closed the first tranche of its non-brokered private placement initially announced by the Company on October 26, 2016 and updated on October 28, 2016 (the “Private Placement”). As part of the first tranche, the Company issued a total of 2,588,235 flow-through units (“Flow-Through Units”) at a price of $0.17 per Flow-Through Unit for gross proceeds of $440,000. Each Flow-Through Unit consisted of one “flow-through share” (within the meaning of the Income Tax Act (Canada)(“ITA”)) and one common share purchase warrant (a “Warrant”), which entitles the holder to purchase one common share of the Company (a “Warrant Share”) at a price of $0.25 per Warrant Share until October 31, 2019.

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Private Placement Update

October 28, 2016admin2016, NewsComments Off

Toronto, Ontario – October 28, 2016 – PJX Resources Inc. (“PJX” or “the Company”) is pleased to announce an update to the previously announced non-brokered private placement of Flow Through (“Flow Through Units”) and Non-flow Through Units (“Units”) at a price of $0.17 per Flow Through Unit and $0.15 per Unit for gross proceeds of $1,500,000 (the “Private Placement”). The Private Placement has been fully subscribed and the Company will make provision for an over-allotment option to allow the Company to increase the size of the Private Placement by up to 30% to issue a combination of Flow- Through Units and Units at a price of $0.17 per Flow Through Unit and $0.15 per Unit for gross proceeds of $1,950,000 (the “Increased Offering”). All other terms and conditions of the Private Placement previously announced by the Company in its news release dated October 26, 2016 will remain the same in the Increased Offering.

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Private Placement And Exploration Update

October 26, 2016admin2016, NewsComments Off

Toronto, Ontario – October 26, 2016 – PJX Resources Inc. (“PJX” or “the Company”) is pleased to announce a non-brokered private placement through the issuance of Flow Through (“Flow Through Unit”) and Non-flow Through Units (“Unit”) at a price of $0.17 per Flow Through Unit and $0.15 per Unit for gross proceeds of $1,500,000 (the “Offering”).

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Exploration Update And Warrant Extension

September 20, 2016admin2016, NewsComments Off

Toronto, Ontario – September 20, 2016 – Recent exploration has identified 2 target areas with gold mineralization potential on PJX Resources’ Dewdney Trail Property in the Cranbrook area of British Columbia.

Dewdney Trail Property 

As announced August 25 , 2016, stream sediment sampling for heavy minerals, such as gold, identified a new large target area that could host a bedrock source for the gold that placer miners are extracting down-stream from the property. Recent additional heavy mineral sampling has narrowed the exploration search down to 2 drainages within the new target area. Each of the drainages is approximately 500 metres by 600 metres in size. Mapping and prospecting is being focused on these drainages to identify the bedrock source of gold that is found in the streams.

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Private Placement And Exploration Update

August 25, 2016admin2016, Featured, News, UncategorizedComments Off

Toronto, Ontario – August 25, 2016 – PJX Resources Inc. (“PJX” or “the Company”) is pleased to announce that it has modified and completed a Non-Brokered Private Placement (the “Offering”). The Company’s recently announced private placement offering of up to four million units (see July 12, 2016 press release) was oversubscribed and increased to 6,879,951 Units with gross proceeds of $1,080,215.

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PJX Provides An Exploration Update And Announces A Non-brokered Private Placement

July 12, 2016admin2016, NewsComments Off

Toronto, Ontario – July 12, 2016 – PJX Resources Inc. (“PJX” or “the Company”) believes that the Cranbrook area of British Columbia has the potential to host multiple gold and base metal deposits. PJX has worked to capitalize on this potential by consolidating a large land package (60,000 ha), compiling over an estimated $15 million worth of historical data and then infilling data gaps with new exploration technology and techniques to better identify new target areas. The following update provides a sample of the gold and base metal mineral potential of our properties.

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PJX Resources Grants Option Of The DD Property

May 16, 2016admin2016, NewsComments Off

Toronto, Ontario – May 16, 2016 – PJX Resources Inc. (“PJX”) is pleased to announce that it has entered into an option agreement (the “Agreement”) with Teck Resources Limited (“Teck”) whereby Teck has been granted an option to acquire up to a 75% interest in the DD zinc-lead-silver Property which is located in the Cranbrook area of British Columbia.

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PJX Resources Completes Private Placement

October 28, 2015admin2015, NewsComments Off

Toronto, Ontario – October 28, 2015 – PJX Resources Inc. (“PJX” or “the Company”) announces that it has completed a Non-Brokered Private Placement (the “Offering”) for total proceeds of $652,500.

The Company undertook an Offering of an aggregate of 3,262,500 units consisting of 1,575,000 flow through units (“Flow Through Unit”) and 1,687,500 non-flow through units (“Unit”). Each Flow Through Unit was issued at a price of $0.20 per flow through unit and consists of one common share and one common share purchase warrant. Each Unit was issued at a price of $0.20 per Unit and consists of one common share and one non-transferable common share purchase warrant. Each warrant, regardless of whether issued as part of a Flow Through Unit or a Unit, will entitle the holder to purchase one common share at an exercise price of $0.25 for 24 months following completion of the Offering. The private placement, and any modifications to it, are subject to compliance with applicable securities laws and to receipt of the approval of the TSX Venture Exchange (“TSXV”). All securities issued under the Offering are subject to a statutory four-month hold period ending February 27, 2016.

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Exploration Update And Private Placement

October 15, 2015admin2015, NewsComments Off

Toronto, Ontario – October 15, 2015 – PJX Resources Inc. (“PJX” or “the Company”) believes that the latest drill results support the potential for a Sedex (sedimentary exhalative) type of deposit on its Vine Property. Two large gravity anomalies (East and West) used to help identify massive sulphide mineralization are the focus of exploration.

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Strategic Property Option in Advance of Drilling on the Vine Property

July 27, 2015admin2015, NewsComments Off

Toronto, Ontario – July 27, 2015 – Exploration on PJX Resources Inc.’s (the” Company”) Vine Property has identified massive sulphide mineralization and geology that support the potential for a Sedex (sedimentary exhalative) zinc-lead-silver type of deposit. This work has provided new insight on geological controls that could influence a deposit’s location and orientation. The new information also supports the potential for the Company’s West Basin Property to host a Sedex type of deposit. In addition, in advance of the next phase of drilling on the Vine Property, the Company has used this information to strategically assess and acquire other locations in the region with potential to host a Sedex deposit.
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Contact Us
Phone: 416.799.9205
Fax: 416.644.8801
Email: info@pjxresources.com
Office
5600 – 100 King Street West
Toronto, Ontario, M5X 1C9
Canada