Pasinex Resources Secures C$1.613 Million in Oversubscribed Private Placement

Pasinex Resources Limited has announced the closure of its first tranche in a non-brokered private placement, amassing C$1,613,000 in gross proceeds. The offering, consisting of 16,270,000 units at C$0.10 per unit, follows strong zinc sales from its Pinargozu mine in Türkiye. Each unit includes one common share and a half warrant, exercisable at C$0.15 per share within 24 months.

The financing, expected to stay open through April, may reach up to C$2.0 million. Insiders contributed C$97,000, highlighting trust in the company's trajectory. Net proceeds aim to bolster the Sarikaya project and expand operations at Pinargozu.

Chairman Dr. Larry Seeley emphasized the strengthening investor confidence and outlined plans for revenue generation and increased production. This aligns with Pasinex's strategic shift toward sustained cash flow and long-term shareholder value.