On April 17, 2024, PJX Resources Inc. closed the transaction. The company has issued 2,500,000 Non-Strategic Units at a issue price of CAD 0.20 per Non-Strategic Unit for gross proceeds of CAD 500,000 in its second and final tranche closing. The company has issued a total of 13,611,111 units for total gross proceeds of CAD 3,600,000. Each whole Warrant acquired as part of a Unit in the second tranche closing will entitle the holder to purchase one common share at an exercise price of CAD 0.40 for 24 months following completion of the Private Placement. The Private Placement remains subject to receipt of the approval and acceptance of the TSX Venture Exchange. No compensation or finder?s fees were paid in connection with the closing of the Private Placement. The securities issuable in connection with the Private Placement will be subject to a statutory hold period in Canada which will run for four months from the respective closing dates. The transaction included participation from new individual investors Linda Brennan and James Clare for a total of 375,000 Non-Strategic Units. Crescat Portfolio Management LLC invested total CAD 250,000 for 1,250,000 units in the second tranche closing.

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement. The transaction will include participation from nine placees and 2 existing insiders for 375,000 units.