PYX Resources Ltd (LSE:PYX, NSX:PYX) notified the market that it is now issuing new equity as part of an investment agreement with US Institutional Investor, L1 Capital Global Opportunities Master Fund, which was entered into last year.
The company today noted the eighth subscription notice under the deal and will issue US$350,000 of shares to the investor (1.98 million shares priced according to previously announced terms, being 95% of a calculated volume weighted average price).
A further US$3.33 million of subscriptions remain outstanding under the original US$7 million funding deal.