Financial Wire

PTX Metals Upsizes a Private Placement Offering to $5.5 Million

-- PTX Metals (PTX.V) on Tuesday said it upsized a non-brokered private placements to $5.5 million from $3 million.

The company is offering $3.5 million worth of flow-through shares priced at $0.125 each and $2 million of common-share units priced at $0.11 each and made up of a share and one half of a three-year warrant to buy a share for $0.18.

Proceeds will be used for general corporate expenses and working capital purposes and to use the gross proceeds from the sale of the FT shares to incur eligible "Canadian exploration expenses" that qualify as "flow-through critical mineral mining expenditures".

Shares of the company were last seen unchanged at $0.115 on the TSX Venture Exchange.

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