PNX Now Well-Funded to Advance NT Zinc Projects
Angelo Gaudio2017-09-07T12:18:23+09:30PNX has finalised the first of a significant series of transactions comprising a Placement, Share Purchase Plan and Debt for Equity Swap which will leave PNX debt-free and well-funded for a significant upcoming exploration program and to advance the Hayes Creek Project in the NT. $1.9 million Placement completed which was significantly oversubscribed $0.6 million Share Purchase Plan to be offered to eligible shareholders Total new capital of up to $2.5 million is in addition to the $0.8 million recently secured from the forward sale of silver from the Hayes Creek Project Subject to necessary approvals, existing PNX debt of