PJX Resources Announces Warrant Extension and Exploration Update
PJX Resources (OTC: PJXRF) intends to extend the expiry of 21,610,038 share purchase warrants by 12 months to November 23, 2026, subject to TSXV approval. The Warrants were issued in a private placement on November 24, 2023 and remain exercisable at $0.20 per share with all other terms unchanged.
A total of 726,380 of these Warrants are held by related parties; the company expects to rely on exemptions under MI 61-101 and TSXV Policy 5.9 because insider-held Warrants do not exceed 25% of market capitalization. A material change report will be filed upon TSXV approval.
Exploration work on the Dewdney Trail Property is complete for the season; core and rock samples have been sent for analysis but results will not be compiled before the original warrant expiry, prompting the extension to allow shareholders more time to consider exercise.
PJX Resources (OTC: PJXRF) ha intenzione di estendere la scadenza di 21.610.038 warrant per l'acquisto di azioni di 12 mesi a 11 novembre 2026, soggetto all'approvazione della TSXV. I warrants sono stati emessi in una private placement il 24 novembre 2023 e restano exercitabili a $0,20 per azione con tutti gli altri termini invariati.
Un totale di 726.380 di questi Warrants sono detenuti da parti correlate; l'azienda si aspetta di fare affidamento su le esenzioni ai sensi MI 61-101 e TSXV Policy 5.9 poiché Warrants detenuti da insider non superano il 25% della capitalizzazione di mercato. Un informe di cambiamento sostanziale sarà presentato a seguito dell'approvazione TSXV.
Il lavoro di esplorazione sulla Dewdney Trail Property è terminato per la stagione; campioni di core e roccia sono stati inviati per analisi ma i risultati non saranno elaborati prima della scadenza originale dei warrant, il che rende necessaria l'estensione per dare agli azionisti più tempo per considerare l'esercizio.
PJX Resources (OTC: PJXRF) pretende extender la vencimiento de 21.610.038 warrants de compra de acciones por 12 meses hasta 23 de noviembre de 2026, sujeto a la aprobación de TSXV. Los warrants fueron emitidos en una colocación privada el 24 de noviembre de 2023 y siguen siendo exercitables a $0,20 por acción con todos los demás términos sin cambios.
Un total de 726.380 de estos Warrants son poseídos por partes relacionadas; la empresa espera apoyarse en exenciones bajo MI 61-101 y TSXV Policy 5.9 porque los warrants en manos de insiders no superan el 25% de la capitalización de mercado. Se presentará un informe de cambio material tras la aprobación de TSXV.
El trabajo de exploración en la Dewdney Trail Property está completo para la temporada; se han enviado muestras de núcleo y rocas para análisis, pero los resultados no serán compilados antes de la vencimiento original de los warrants, lo que motiva la extensión para dar a los accionistas más tiempo para considerar el ejercicio.
PJX Resources (OTC: PJXRF) 은 주식 매수 워런트의 만기를 12개월 연장하여 2026년 11월 23일로 하고자 하며, TSXV의 승인을 조건으로 한다. 워런트는 2023년 11월 24일 비공개 배정에서 발행되었으며, 모든 다른 조건은 변함없이 주당 $0.20에 행사 가능하다.
이 워런트 중 726,380개가 관련 당사자들이 보유하고 있으며, 회사는 내부자 보유 워런트가 시가총액의 25%를 초과하지 않으므로 MI 61-101 및 TSXV Policy 5.9의 면제를 활용할 것으로 예상한다. TSXV 승인이 나오는 즉시 중대한 변경 보고서를 제출할 예정이다.
Dewdney Trail Property의 탐사 작업은 이번 시즌에 완료되었고 핵심 시료와 암석 샘플은 분석을 위해 보냈으나 원래 워런트 만기 이전에 결과가 정리되지 않으므로 주주들이 행사 여부를 더 고려할 수 있도록 연장이 필요하다.
PJX Resources (OTC: PJXRF) entend prolonger l'échéance de 21.610.038 warrants d'achat d'actions de 12 mois jusqu'au 23 novembre 2026, sous réserve de l'approbation de la TSXV. Les warrants ont été émis lors d'un placement privé le 24 novembre 2023 et restent exercables à 0,20 $ par action, toutes les autres conditions demeurant inchangées.
Au total, 726 380 de ces warrants sont détenus par des parties liées; la société prévoit de s'appuyer sur des exemptions en vertu de MI 61-101 et de la TSXV Policy 5.9 car les warrants détenus par des initiés ne dépassent pas 25 % de la capitalisation boursière. Un rapport de changement important sera déposé après l'approbation de la TSXV.
Les travaux d'exploration sur la propriété Dewdney Trail sont terminés pour la saison; des échantillons de carottes et de roches ont été envoyés pour analyse, mais les résultats ne seront pas compilés avant l'échéance initiale des warrants, ce qui nécessite l'extension pour donner aux actionnaires plus de temps pour envisager l'exercice.
PJX Resources (OTC: PJXRF) beabsichtigt, die Laufzeit von 21.610.038 Kauf-Warrants für Aktien um 12 Monate zu verlängern bis zum 23. November 2026, vorbehaltlich der Genehmigung durch die TSXV. Die Warrants wurden in einer Privatplatzierung am 24. November 2023 ausgegeben und bleiben zu exercisierbar bei 0,20 $ pro Aktie, alle anderen Bedingungen unverändert.
Insgesamt befinden sich 726.380 dieser Warrants im Besitz von Related Parties; das Unternehmen erwartet, sich auf Ausnahmen gemäß MI 61-101 und TSXV Policy 5.9 zu stützen, da Insider-gehaltene Warrants nicht mehr als 25% der Marktkapitalisierung ausmachen. Ein Material Change Report wird nach Genehmigung durch die TSXV eingereicht.
Die Explorationsarbeiten an der Dewdney Trail Property sind für die Saison abgeschlossen; Kern- und Gesteinsproben wurden zur Analyse eingeschickt, aber die Ergebnisse werden vor dem ursprünglichen Verfall der Warrants nicht zusammengefasst, was die Verlängerung rechtfertigt, damit die Aktionäre mehr Zeit haben, eine Ausübung in Betracht zu ziehen.
PJX Resources (OTC: PJXRF) يعتزم تمديد تاريخ انتهاء صلاحية 21,610,038 من عُقود warrants الشراء (Warrants) للأسهم لمدة 12 شهرًا حتى 23 نوفمبر 2026، رهناً بموافقة TSXV. تم إصدار warrants في إطار جولة تخصيص خاص في 24 نوفمبر 2023 وتظل قابلة للممارسة عند $0.20 للسهم مع بقاء جميع الشروط الأخرى كما هي.
يملك 726,380 من هذه Warrants أطرافاً ذات صلة؛ تتوقع الشركة الاعتماد على الاستثناءات بموجب MI 61-101 وسياسة TSXV 5.9 لأن warrants التي يملكها الداخلون لا تتجاوز 25% من رأسمال السوق. وسيتم تقديم تقرير تغيير مادي عند موافقة TSXV.
تم إنجاز أعمال الاستكشاف على Dewdney Trail Property للموسم؛ أُرسلت عينات النواة والصخر للتحليل، ولكن لن يتم تلخيص النتائج قبل انتهاء صلاحية الوافريين الأصلية، ما يدفع إلى التمديد لإعطاء المساهمين وقتًا إضافيًا للنظر في الممارسة.
PJX Resources (OTC: PJXRF) 打算将 21,610,038 份股票购买认股权证的到期日延长 12 个月至 2026 年 11 月 23 日，前提是获得 TSXV 的批准。这些认股权证于 2023 年 11 月 24 日以私募方式发行，执行价格仍为每股 $0.20，其他条款保持不变。
共有 726,380 份认股权证由关联方持有；公司预计将依赖 MI 61-101 与 TSXV Policy 5.9 的豁免，因为内部人士持有的认股权证不超过市值的 25%。待 TSXV 批准后，将提交重大变更报告。
Dewdney Trail Property 的勘探工作本季已完成；核心样本和岩石样本已送往分析，但结果在原本的认股权证到期前不会汇总，因此延长期限以便股东有更多时间考虑行使。
- Warrants extended by 12 months to Nov 23, 2026
- Exercise price unchanged at $0.20 per share
- Seasonal drilling and surface exploration completed on Dewdney Trail
- Core and rock samples dispatched for laboratory analysis
- 21,610,038 warrants outstanding could cause shareholder dilution if exercised
- Exploration results not available before original expiry date, delaying clarity for investors
- 726,380 warrants held by related parties constitute a related party transaction
TORONTO, ON / ACCESS Newswire / October 23, 2025 / PJX Resources Inc. ("PJX" or the "Company") is pleased to announce, subject to the approval of the TSXV Exchange, the Company intends to extend the expiry date of 21,610,038 share purchase warrants, (the "Warrants") by 12 months to November 23, 2026. The Warrants were issued pursuant to a private placement accepted for filing by the TSX Venture Exchange on November 24, 2023. The Warrants are exercisable at
A total of 726,380 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 TSXV 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
Exploration Update
Drilling and surface exploration this year to discover the stratigraphy hosting Sullivan deposit style and grade zinc, lead, silver, cobalt, and gold mineralization found in boulders at the base of a mountain slope on the Dewdney Trail Property has been completed.Core and rock samples have been sent for analysis. All the results will not be received and compiled prior to the warrant expiration date. For this reason, the Company decided to extend the warrants for one year to provide shareholders with the potential opportunity to exercise their warrants.
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, zinc, lead, copper, cobalt and other critical metals. PJX has consolidated
FOR ADDITIONAL INFORMATION PLEASE CONTACT:
Linda Brennan, Chief Financial Officer
(416) 799-9205
info@pjxresources.com
Cautionary Note Regarding Forward-Looking Information
The information in this news release has been prepared as at the date noted above. Certain statements in this news release, referred to herein as "forward-looking statements", constitute "forward-looking statements" under the provisions of Canadian provincial securities laws. These statements can be identified by the use of words such as "expected", "may", "will" or similar terms.
Forward-looking statements are necessarily based upon a number of factors and assumptions that, while considered reasonable by PJX Resources Inc. as of the date of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Many factors, known and unknown, could cause actual results to be materially different from those expressed or implied by such forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date made. Except as otherwise required by law, PJX Resources Inc. expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any such statements to reflect any change in PJX Resources Inc.'s expectations or any change in events, conditions or circumstances on which any such statement is based.
Cautionary Note to US Investors:
This news release may contain information about adjacent properties on which PJX Resources Inc. has no right to explore or mine. We advise U.S. investors that the SEC's mining guidelines strictly prohibit information of this type in documents filed with the SEC. U.S. investors are cautioned that mineral deposits on adjacent properties are not indicative of mineral deposits on our properties. This news release may contain forward- looking statements including but not limited to the various prices and volume of the strategic investment; the use of proceeds from the Strategic Investment, and the structure of the Strategic Investment, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE: PJX Resources Inc.
View the original press release on ACCESS Newswire
FAQ
What change did PJX Resources (PJXRF) announce on October 23, 2025 about warrant expiry?
What is the PJXRF warrant exercise price after the extension?
How many PJXRF warrants are held by related parties and what does that mean?
Why did PJXRF extend warrants to November 23, 2026?
What exploration progress did PJX Resources report for the Dewdney Trail Property?
Will PJX file any regulatory reports after TSXV approval of the warrant amendment?
