PJX Completes Private Placement
(TSX VENTURE: PJX.V)
PJX COMPLETES PRIVATE PLACEMENT
Toronto, Ontario – May 17, 2018 – PJX Resources Inc. (“PJX” or “the Company”) is pleased to announce
it has completed a non-brokered private placement initially announced by the Company on May 1, 2018
(the “Offering”). The Offering was closed with the aggregate issuance of 15, 296,276 million units for
total proceeds of $2,600,367.
The Company issued a total of 9,544,217 flow-through units (“Flow-Through Units”) for gross proceeds
of $1,622,517 and 5,752,059 Units for gross proceeds of $977,850. Each Unit consists of one common
share and one common share purchase warrant. Each warrant, whether acquired as part of a Flow -
through Unit or Unit, will entitle the holder to purchase one common s hare at an exercise price of $0.25
for 24 months following completion of the Offering. All securities issued as part of the Private
Placement are subject to a statutory four month hold period expiring September 17, 2018.
Each Flow-through Unit consists of one common share to be issued as a "flow-through share" within the
meaning of the Income Tax Act (Canada) (the "Flow -through Shares") and one common share purchase
warrant. Each Unit consist s of one common share and one common share purchase warrant. E ach
warrant, whether acquired as part of a Flow -through Unit or Unit, entitle s the holder to purchase one
common share at an exercise price of $0.25 for 24 months following completion of the Offering.
In connection with closing the Offering, the Compa ny may pay, in accordance with the policies and
subject to regulatory approval, aggregate cash finder’s fees of $ 142,198 and issue certain Finders
836,454 non-transferable Finder’s Warrants. Each of the Finder’s Warrants entitles the Finder to
purchase on e common share of the Company at a price of $0.25 per Finder Share for 24 months
following completion of the Offering.
“We have strategically consolidated one of the largest mineral claim holdings in the historical Sullivan
mining district” states the Pre sident and CEO of PJX, John Keating. “The positive market response and
demand for our financing has provided the funds to continue to test the many large gold and base metal
(zinc, lead, copper) targets on our properties.”
PJX plans to drill and explore gold targets on the Zinger, Dewdney Trail, Eddy and Gold Shear Properties.
Sullivan type or Broken Hill type zinc-lead-silver massive sulphide targets will be explored and drilled on
the Vine Property.
PJX has granted Teck Resources Limited (“Teck”) an option to earn up to a 75% interest in the DD
Property. Teck is assessing a geophysical Magnetotelluric (MT) target for drilling and is in the process of
applying for the relevant permits. (see April 24, 2018 press release for more details.
About PJX Resources Inc.
PJX is a mineral exploration company focused on building shareholder value and community opportunity
through the exploration and development of mineral resources. PJX holds a 100% interest in its
properties. They are all road accessible, locat ed close to rail, power and a local workforce in the
historical mining areas of Cranbrook and Kimberley, British Columbia. Please refer to our web site
http://www.pjxresources.com for additional information.
FOR FURTHER INFORMATION PLEASE CONTACT:
Linda Brennan, Chief Financial Officer
(416) 799-9205
Forward-Looking Information
This News Release contains forward -looking statements. Forward lo oking statements are statements which relate to future
events. Forward-looking statements include, but are not limited to, statements with respect to exploration results, the success
of exploration activities, mine development prospects, completion of econ omic assessments, and future gold production. In
some cases, you can identify forward -looking statements by terminology such as “may”, “should”, “expects”, “plans”,
“anticipates”, believes”, “estimates”, “predicts”, “potential”, or “continue” or the negati ve of these terms or other comparable
terminology. These statements are only predictions and involve known and unknown risks, uncertainties and other factors that
may cause our actual results, level of activity, performance or achievements to be materially different from any future results,
levels of activity, performance, or achievements expressed or implied by these forward-looking-statements.
Although PJX has attempted to identify important factors that could cause actual actions, events or results to differ materially
from those described in forward- looking statements, there may be other factors that cause actions, events or results not to be
as anticipated, estimated or intended. There can be no assurance that forward- looking statements will prove to be accurate, as
actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers shou ld
not place undue reliance on forward-looking statements.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of this release.