April 18 (Reuters) - PNX Metals Ltd PNX.AX :
* PNX METALS ANNOUNCES NON-RENOUNCEABLE RIGHTS ISSUE TO RAISE $5.48 MILLION AT $0.006 PER SHARE
* PNX METALS LTD - PROCEEDS OF OFFER WILL BE USED TO UNDERTAKE SIGNIFICANT ACTIVITY AT PNX'S FLAGSHIP HAYES CREEK ZINC-GOLD- SILVER PROJECT