PTX Metals Inc. Announces Third Closing of Private Placement
PTX Metals Inc. Announces Third Closing of
Private Placement
Toronto, Ontario--(Newsfile Corp. - October 7, 2025) - PTX Metals Inc. (TSXV: PTX) ("
PTX
" or the
"
Company
") is pleased to announce the closing of the third tranche of its previously disclosed non-
brokered private placement of flow-through, hard dollar and charity flow-through units (see news releases
dated September 8, 2025, September 16, 2025. September 28, 2025, September 30, 2025 and
October 2, 2025).
Under the third closing the Company issued a total of 9,666,667 charity flow-through
units ("
CFT Units
") at a price of $0.15 per CFT Unit for aggregate gross proceeds of $1,450,001.55
and a total of 2,073,333 hard dollar units ("
HD Units
" and together with the CFT Units referred to herein
as the "
Units
") for aggregate gross proceeds of $207,333.30. In addition, the Company issued 592,222
flow-through units ("
FT Units
") at a price of $0.135 per FT Unit for aggregate gross proceeds of
$79,949.97 resulting in combined total third tranche proceeds of $1,737,284.82.
When combined with
the $4,498,930 raised in the first closings, the Company has raised a total of $6,236,214.82 to date.
In addition, the Company paid a total of $48,193.97 in finders fees and issued a total of 701,022 finder
warrants ("
Finder Warrants
") to eligible finders.
Each Finders Warrant will entitle the holder thereof to
purchase one common share at a price of $0.14 (subject to adjustment) for a period of two (2) years
following the issuance of the Finders Warrants. The Finders Warrants will be subject to a statutory hold
period in Canada of four (4) months and one (1) day after the issuance of the Finders Warrants.
The HD Units and CFT Units were issued pursuant to the Listed Issuer Financing Exemption (the "
LIFE
Exemption
") under Part 5A of National Instrument 45-106 -
Prospectus Exemptions
, and as modified
by Coordinated Blanket Order 45-935 -
Exemptions from Certain Conditions of the Listed Issuer
Financing Exemption
. Pursuant to the LIFE Exemption, the securities underlying the HD and CFT Units
are not subject to a hold period under Canadian securities laws.
The FT Units were sold to investors
pursuant to exemptions from the prospectus requirements other than the LIFE Exemption and are
subject to a hold period of four months and one day following issuance.
Each Unit and FT Unit consists of one (1) common share and one-half of one (1/2) share purchase
warrant (each whole such share purchase warrant, a "
Warrant
"). Each Warrant is exercisable to acquire
one (1) additional Warrant Share at a price of $0.16 per Warrant Share for a period of 36 months from
the date of issuance. The Warrants issued pursuant to the LIFE Exemption are subject to a restriction on
exercise expiring 61 days following the date of issuance.
The Company intends to use the proceeds from the issuance of the HD Units for general corporate
expenses and working capital purposes.
The gross proceeds from the issuance of the CFT Units will be used to incur eligible "Canadian
exploration expenses" as defined in subsection 66.1(6) of the
Income Tax Act
(Canada) (the "
Tax Act
")
that qualify as "flow-through critical mineral mining expenditures" as defined in subsection 127(9) of the
Tax Act (the "
Qualifying Expenditures
") related to the Company's projects in Ontario. The Qualifying
Expenditures will be incurred on or before December 31, 2026 and will be renounced by the Company to
the initial purchasers of the CFT Units with an effective date no later than December 31, 2025 in an
aggregate amount not less than the gross proceeds raised from the issue of the CFT Units.
The Company has filed on its SEDAR+ profile an amended and restated offering document addressing
the offering under LIFE Exemption in accordance with the requirements of Form 45-106F19 (the
"
Offering Document
"). The amended and restated Offering Document can be accessed under the
Company's profile at
www.sedarplus.ca
and on the Company's website at
www.ptxmetals.com
.
Prospective investors should read the amended and restated Offering Document before making an
investment decision.
About PTX Metals Inc.
PTX is a mineral exploration company focused on high-quality strategic metals assets in northern
Ontario, allowing exposure for shareholders to Copper, Gold, Nickel, and PGEs discovery. The Province
of Ontario is renowned as a first-class mining jurisdiction for its abundance of mineral resources and
safe jurisdiction.
Our corporate objective is to advance our assets, and unveil the potential of two Flagship Projects, the
W2 Cu-Ni-PGE located in the strategic Ring of Fire region, and the Shining Tree Gold Project neighbor
to multi-million ounces gold deposits in the Timmins Gold Camp.
PTX's portfolio of assets was strategically acquired for their geologically favorable attributes, and
proximity to established mining companies.
PTX is based in Toronto, Canada. The Company is also listed in Frankfurt under the symbol "9PF" and
on the OTCQB in the United States as "PANXF".
For additional information on PTX, please visit the Company's website at
www.ptxmetals.com
.
Contact Information
Greg Ferron, President and Chief Executive Officer
Phone: +1- 416-270-5042
Email:
Cautionary Statement Regarding Forward-Looking Information
This news release includes forward-looking information and statements. Such statements include
statements relating to the ability to complete the offerings, the timing of closings, the extent of insider
participation, and the use of proceeds of the offerings. Forward-looking information and statements
involve and are subject to assumptions and known and unknown risks, uncertainties, and other factors
which may cause actual events, results, performance, or achievements of the Company to be
materially different from future events, results, performance, and achievements expressed or implied
by forward-looking information and statements herein. The assumptions on which the forward-looking
statements contained herein rely include, among others, that the Company will receive the necessary
approvals for the offerings from the TSXV, that the Company will satisfy the terms of the LIFE
Exemption and any other applicable securities exemptions or safe harbors and that there will be
sufficient demand for the securities. Additional risk factors that may impact the Company or cause
actual results and performance to differ from the forward looking statements contained herein are set
forth in the Company's most recent management's discussion and analysis of financial condition (a
copy of which can be obtained under the Company's profile on SEDAR+ at
www.sedarplus.ca
).
Although the Company believes that any forward-looking information and statements herein are
reasonable, in light of the use of assumptions and the significant risks and uncertainties inherent in
such information and statements, there can be no assurance that any such forward-looking
information and statements will prove to be accurate, and accordingly readers are advised to rely on
their own evaluation of such risks and uncertainties and should not place undue reliance upon such
forward-looking information and statements. Any forward-looking information and statements herein
are made as of the date hereof, and except as required by applicable laws, the Company assumes no
obligation and disclaims any intention to update or revise any forward-looking information and
statements herein or to update the reasons that actual events or results could or do differ from those
projected in any forward looking information and statements herein, whether as a result of new
information, future events or results, or otherwise, except as required by applicable laws.
NEITHER THE TSXV, NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS
DEFINED IN TSXV POLICY 1.1 - INTERPRETATION) ACCEPTS RESPONSIBILITY FOR THE
ADEQUACY OR ACCURACY OF THIS RELEASE. NO STOCK EXCHANGE, SECURITIES
COMMISSION OR OTHER REGULATORY AUTHORITY HAS APPROVED OR DISAPPROVED
THE INFORMATION CONTAINED HEREIN.
NOT FOR DISTRIBUTION TO UNITED STATES WIRE SERVICES OR DISSEMINATION IN THE
UNITED STATES. THIS NEWS RELEASE DOES NOT CONSTITUTE AN OFFER TO SELL OR A
SOLICITATION OF AN OFFER TO BUY ANY OF THE 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. THIS NEWS RELEASE DOES NOT CONSTITUTE AN OFFER
OR SALE OF SECURITIES IN THE UNITED STATES.
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https://www.newsfilecorp.com/release/269393