PPX Mining Secures $1.35M for Project Expansion

PPX Mining (TSE:PPX) has released an update.

PPX Mining Corp. has successfully completed a private placement, raising $1.35 million by issuing 30 million units at $0.045 each, to fund further exploration and working capital for their flagship Igor project in Peru. The units sold come with purchase warrants, and the securities are subject to a four-month hold period, with final TSX Venture Exchange approval pending. Executive Chairman Brian Imrie also participated, subscribing for 2 million units without materially changing his ownership percentage.

For further insights into TSE:PPX stock, check out TipRanks’ Stock Analysis page.