PTX Metals Inc. announces non-brokered flow-through private placement of 26,250,000 flow-through units at a issue price of CAD 0.04 per flow-through unit for proceeds of CAD 1,050,000 on April 17, 2024. Each FT Units Offering consists of one common share in the Capital of the Company and one half of one common share purchase warrant. Each Warrant shall be exercisable into one non-flow-through common share of the Company at a price of CAD 0.05 per share at any time on or before the exercise date, which is 24 months after the closing date of the FT Offering. The shares and warrants comprising the FT Units are subject to a four month plus one day hold period from the Closing date in accordance with applicable securities laws. The transaction is subject to receipt of all necessary regulatory approvals including the Canadian Securities Exchange.

On the same day, the company has issued 7,500,000 flow-through units at a issue price of CAD 0.04 per FT Unit for proceeds of CAD 300,000 under first tranche. The company has paid CAD 21,000 as finder's fees in connection with the first tranche.