11:48:43 EST Tue 31 Jan 2023
Enter Symbol
or Name

PJX Resources Inc
Symbol PJX
Shares Issued 123,824,694
Close 2022-12-02 C$ 0.12
Recent Sedar Documents

PJX Resources plans to extend 4.57M warrants to 2023

2022-12-06 13:10 ET - News Release

Ms. Linda Brennan reports


Subject to TSX Venture Exchange approval, PJX Resources Inc. intends to extend the expiry date of 4,574,131 share purchase warrants by 12 months to Dec. 17, 2023. The warrants were issued pursuant to a private placement accepted for filing by the TSX Venture Exchange on Dec. 27, 2019. The warrants are exercisable at 30 cents per share and, following a previous one-year term extension, are currently set to expire on Dec. 17, 2022. All other terms of the warrants, including the exercise price, remain unchanged. Upon receipt of the approval of the TSX-V of the warrant extension, a material change report in respect of the warrant extension will be filed by the company.

A total of 179,131 of the affected warrants are held by parties considered to be related parties of the company. Therefore, the amendment of warrants constitutes a related party transaction as contemplated by Multilateral Instrument 61-101 Protection of Minority Shareholders in Special Transactions, and TSX-V Policy 5.9 -- Protection of Minority Shareholders in Special Transactions. However, the exemptions from formal valuation and minority approval requirements provided for by these guidelines can be relied upon as the fair market value of the warrants held by insiders does not exceed 25 per cent of the market capitalization of the company.

About PJX Resources Inc.

PJX is a mineral exploration company focused on building shareholder value and community opportunity through the exploration and development of mineral resources with a focus on gold, silver and base metals (zinc, lead, copper, nickel). PJX's primary properties are located in the historical Sullivan mine district and Vulcan gold belt near Cranbrook and Kimberley, B.C.

We seek Safe Harbor.

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