Executive Summary
Panex Resources Inc. (Panex), an exploration stage company, engages in the acquisition and exploration of mineral properties. The company intends to explore for commercially viable deposits of base and precious minerals, such as gold, silver, lead, barium, mercury, copper, and zinc minerals, as well as bulk commodity minerals, such as coal, iron, and potash.
On February 17, 2012 Panex announced the offering up to 30,000,000 shares of common stock on a self underwritten basis. The offering price is $0.08 per share and the maximum amount to be raised is $2,400,000. Panex intends to offer up to a maximum of 30,000,000 shares through Klaus Eckhof, the president and sole director of Panex, outside the United States
Panex’s shares of common stock are currently quoted on the Pink Sheets OTCQB under the symbol “OTCQB:DBGF”.
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