Vancouver, British Columbia--(Newsfile Corp. - June 26, 2014) - Pasinex Resources Ltd. (CSE: PSE) (FSE:
PNX) (the "Company" or "Pasinex") is pleased to announce a non-brokered private
placement (the "Private Placement") of up to 3,846,153 units (the
"Units") at a subscription price of $0.13 per Unit to eligible
subscribers for gross proceeds of up to $500,000.
Each Unit will consist of one common share and one half of a
share purchase warrant (the "Warrant"). Each whole Warrant will be exercisable
into one additional common share (the "Warrant Share") of the Company at
$0.20 per Warrant Share for a period of three years from the closing.
Finder's fees or commissions may be payable by the Company in
connection with this private placement.
The common shares issued or issuable pursuant to the Private
Placement will be restricted from trading for a four month hold period in
accordance with applicable securities laws and, if required, the policies of the
Exchange.
The proceeds of this private placement are for the Company's
general and administrative expenses as well as for ongoing exploration activity
on the Pinargozu zinc-lead project in Adana Province, Turkey. Pinargozu is 50%
owned by Pasinex's partner in Adana, Akmetal Madencilik San ve Tic A.Ş.
About Pasinex
Pasinex Resources Ltd. (CSE: PSE) (FSE: PNX) is a base and
precious metal focused exploration company with priority given to building a
strong portfolio of base metal exploration opportunities in Turkey. Pasinex's
key projects are the Golcuk Copper-Silver Project located in Sivas, Turkey, and
the Joint Venture, Horzum Zinc-Lead Project with Akmetal Group in Adana, Turkey.
The company is led by an experienced team with many years of experience in both
in the mining and mineral exploration industries around the world.
On Behalf of the Board of Directors
PASINEX RESOURCES LTD.
"Steve Williams"
Steve
Williams
President/CEO
Phone: 705 292 8116
Email:
info@pasinex.com
The CNSX does not accept responsibility for the
adequacy
or accuracy of this news release.
This news release includes forward-looking statements that
are subject to risks and uncertainties. Forward-looking statements involve known
and unknown risks, uncertainties, and other factors that could cause the actual
results of the Company to be materially different from the historical results or
from any future results expressed or implied by such forward-looking statements.
All statements within, other than statements of historical
fact, are to be considered forward looking. Although Pasinex Resources Ltd.
believes the expectations expressed in such forward-looking statements are based
on reasonable assumptions, including the ability to raise $500,000 and on-going
exploration activity, such statements are not guarantees of future performance
and actual results or developments may differ materially from those in
forward-looking statements. Factors that could cause actual results to differ
materially from those in forward-looking statements include market prices,
continued availability of capital and financing, exploration results, and
general economic, market or business conditions. There can be no assurances that
such statements will prove accurate and, therefore, readers are advised to rely
on their own evaluation of such uncertainties. We do not assume any obligation
to update any forward-looking statements.
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR
RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN
WHOLE OR IN PART, IN OR INTO THE UNITED STATES.
copyright (c) newsfile corp. 2014. all rights reserved