PPX Mining Announces Private Placement FOR up to C$1.35 Million
NEWS RELEASE; TSX.V PPX; BVL PPX
NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRE SERVICES
PPX MINING ANNOUNCES PRIVATE PLACEMENT FOR UP TO
C$1.35 MILLION
Toronto – March 20, 2024 – PPX Mining Corp. ( “PPX” or the “Company” ) is pleased to announce that
it intends to complete a non-brokered private placement for aggregate gross proceeds of up to C$1,350, 000
(the “Offering”).
The Offering involves the sale of up to 30,000,000 units (the “Units”) at a price of $0.045 per Unit f or gross
proceeds of up to C$1,350,000. Each Unit will consi st of one common share of the Company and one
common share purchase warrant, with each warrant entitling the holder to acquire one common share of the
Company at a price of $0.07 for a period of 24 months from the date of closing. The Company intends to use
the proceeds from the Offering to finance further e xploration in surrounding areas of hole CA-24-07 of
Callanquitas East at the Igor project and working capital. As mentioned in the March 7, 2024 press release,
results from this hole delivered up to 33.08 g/t Au, 8174.2 g/t Ag and 13.1% Cu .
The closing of the Offering is expected to occur on or before April 30, 2024 (the “Closing Date”) and is
subject to the completion of formal documentation a nd 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 p ayable to arm’s length finders in connection with t he
Offering.
This news release does not constitute an offer to s ell, or a solicitation of an offer to buy, any of t he
securities in the United States. The securities have not been and will not be registered under the United
States Securities Act of 1933, as amended (the “U.S . Securities Act”) or any state securities laws and
may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S.
Securities Act and applicable state securities laws or an exemption from such registration is available.
About PPX Mining Corp:
PPX Mining Corp. (TSX.V: PPX.V, BVL: PPX) is a Canadian-based mining company with assets in northern
Peru. Igor, the Company’s 100%-owned flagship gold and silver project, is located in the prolific Nort hern
Peru gold belt in eastern La Libertad Department.
On behalf of the board of directors of the Company:
Brian Imrie
Executive Chaiman
82 Richmond Street East
Toronto, Ontario M5C 1P1
Canada
416-361-0737
Neither TSX Venture Exchange nor its Regulation Ser vices Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts respo nsibility for the adequacy or accuracy of this
release.
Cautionary Statement:
This press release contains forward-looking informa tion and forward-looking statements (collectively,
“ forward-looking statements ”) as such terms are defined by applicable securities laws, including, but not
limited to statements regarding the amount and completion of the Offering, the Closing Date, finder’s fees
and use of proceeds for the Offering. Forward-looking statements are statements that relate to future events.
In this context, forward-looking statements often a ddress expected future business and financial
performance and often contain words such as “antici pate,” “believe,” “plan,” “estimate,” “expect,” and
“intend,”, statements that an action or event “may, ” “might,” “could,” “should,” or “will” be taken or occur,
or other similar expressions. Forward-looking state ments are subject to a number of known and unknown
risks and uncertainties, many of which involve fact ors or circumstances that are beyond the Company’s
control, and the Company’s actual results could dif fer materially from those stated or implied in forw ard-
looking statements due to many various factors. Such uncertainties and risks include, among others, delays
in obtaining or inability to obtain required regula tory approvals and or funding, as applicable; the s tate of
the equity financing markets in Canada and other ju risdictions; volatility and sensitivity to market p rices;
volatility and sensitivity to capital market fluctu ations; and fluctuations in metal prices. Although the
Company believes that the expectations reflected in the forward-looking statements are reasonable, the
Company cannot guarantee that the events and circum stances reflected in the forward-looking statements
will be achieved or occur. The timing of events and circumstances and actual results could differ materially
from those projected in the forward-looking statements. Accordingly, one should not place undue reliance
on forward- looking statements. All forward-looking statements contained in this press release are made as
of today’s date, and the Company undertakes no obligation to update or publicly revise any forward-looking
statements, whether as a result of new information, future events or otherwise, unless required by law.