PPX Closes Private Placement
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NEWS RELEASE TSX.V PPX; BVL PPX; SSE PPX
PPX Closes Private Placement
Vancouver, British Columbia – March 7, 2022 – PPX Mining Corp. (the "Company" or “ PPX”) is
pleased to announce that it has completed its previously announced non -brokered private placement (the “ Private
Placement”) pursuant to which the Company issued 3,583,000 common shares in the capital of the Company (each,
a “ Common Share ”) at a price of CDN$0.06 per Common Share for gross proceeds to the Company of
CDN$214,980. The net proceeds of the Private Placement will be used for general working capital purposes.
In connection with the Private Placement, PPX paid aggregate finder’s fees of $ 17,198.40 (the “Finder’s Fees”) to
arm’s length finders . In accordance with applicable Canadian securities legislation, all Common Shares issued
pursuant to the Private Placement are subject to a hold period expiring on July 8, 2022 . The Private Placement is
subject to the final acceptance of the TSX Venture Exchange.
On behalf of the Board of Directors
Brian J. Maher
President and Chief Executive Officer
FOR FURTHER INFORMATION, PLEASE CONTACT:
PPX Mining Corp.
Brian J. Maher, President and Chief Executive Officer
Phone: 1-530-913-4728
Email: [email protected]
Website: www.ppxmining.com
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.
Cautionary Statement Regarding Forward-Looking Information
Certain disc losure in this release, in cluding statements regarding final regulatory approval of the Private Placement and the use of
proceeds from the Private Placement constitute “forward -looking information” within the meaning of Canadian securities legislation.
In making the forward-looking statements in this release, the Company has applied certain factors and assumptions that the Company
believes are reasonable, including that the Company is able to obtain regulatory approval of the Private Placement, the Compa ny will
be able to use the proceeds of the Private Placement as anticipated and that the Company is otherwise able to complete the Pr ivate
Placement. However, the forward -looking statements in this release are subject to numerous risks, uncertainties and othe r factors that
may cause future results to differ materially from those expressed or implied in such forward -looking statements. Such uncertainties
and risks include, among others, financing risks, delays in obtaining or inability to obtain required regulatory approvals, inability to use
the proceeds from the Private Placement as anticipated and inability to complete the Private Placement.
There can be no assurance that such statements will prove to be accurate, and actual results and future events could d iffer materially
from those anticipated in such statements. Readers are cautioned not to place undue reliance on forward -looking statements. The
Company does not intend, and expressly disclaims any intention or obligation to, update or revise any forward -looking statements
whether as a result of new information, future events or otherwise, except as required by law.