On April 18, 2024, PPX Mining Corp. closed the transaction. The transaction included participation by the Executive Chairman of the company, Brian Imrie for 2,000,000 units. In connection with the transaction, the company issued an aggregate of 1,189,351 units to arm?s length finders of the company in consideration for the finders locating purchasers to participate in the transaction. Each finder?s unit consisted of one common share and one non-transferable common share purchase warrant, with each warrant entitling the holder to acquire one common share of the company at an exercise price of CAD 0.07 until April 18, 2026. All securities issued under the transaction are subject to a four-month hold period expiring on August 19, 2024. The transaction is subject to the final approval of the TSX Venture Exchange. The company has received $14,549 (CAD 20,025.2436) from single investor pursuant to exemption provided under Regulation D. The transaction included participation from 24 investors including one existing insider for 2,000,000 units.


On April 25, 2024, the company announced that the transaction has been approved by the TSX Venture Exchange.