PPX Mining Corp. (TSXV:PPX, OTC PINK:SNNGF) has completed a non-brokered private placement, issuing 7,307,542 common shares at $0.06 each, raising approximately $438,452.52. This move follows a partial revocation order from the BCSC and OSC, which addressed a prior cease trade order due to non-compliance with financial disclosures. Funds will cover various expenses, including accounting and legal fees. Additionally, shareholders approved the election of five directors and the re-appointment of Crowe MacKay LLP as auditors during the June 29, 2021 meeting.
PPX Mining Corp. (OTC PINK:SNNGF) has failed to file its annual financial statements for the fiscal year ending September 30, 2020, by the January 29, 2021 deadline, leading to a Cease Trade Order issued by the British Columbia and Ontario Securities Commissions. Trading on the TSX Venture Exchange has been suspended. The Company attributes the delay to COVID-19 quarantine measures and is working with auditors to submit the required filings promptly. PPX Mining assures there is no other undisclosed material information regarding its operations.