Welcome to our dedicated page for PPX MINING news (Ticker: SNNGF), a resource for investors and traders seeking the latest updates and insights on PPX MINING stock.
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Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of PPX MINING's position in the market.
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.
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