PPX Mining Corp. announced a non-brokered private placement of up to 30,000,000 units at a price of CAD 0.045 per unit for aggregate gross proceeds of up to CAD 1,350,000 on March 20, 2024. Each unit will consist of one common share and one common share purchase warrant, with each warrant entitling the holder to acquire one common share at a price of CAD 0.07 for a period of 24 months from the date of closing.

The closing of the offering is expected to occur on or before April 30, 2024 and is subject to the completion of formal documentation and receipt of all applicable regulatory approvals, including the approval of the TSX Venture Exchange. The common shares, warrants and any common shares issued on the exercise of warrants sold in the offering, if issued within four months of the closing date, will be subject to a four month hold period from the closing of the offering under applicable Canadian securities laws. The company reserves the right to increase or decrease the size of the offering, subject to the approval of the TSX Venture Exchange.

Finder?s fees may be payable to arm?s length finders in connection with the offering.