PJX Resources Completes Financing

 PJX Resources Inc. (TSXV:PJX) completed its non-brokered private placement for total proceeds of $612,250 by the issuance of 4,749,000 million units.

As quoted in the press release:

Pursuant to the Offering, the first tranche was completed on November 27, 2013 which resulted in the issue of 485,000 flow through units (each a “Flow Through Unit”) at a price of $0.15 per flow through unit, and 3,334,000 non-flow-through units (each a “Unit”) at a price of $0.125 per Unit for gross proceeds of $489,500. Each Unit and Flow Through Unit consists of one Common Share of PJX and one non-transferable common share purchase warrant (a “Warrant”). Each Warrant in connection with the first tranche of the Offering will entitle the holder thereof to purchase one Common Share at an exercise price of $0.20 until November 28, 2015. All securities issued under the first tranche of the Offering are subject to a statutory four-month hold period expiring on March 27, 2014.

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