July 15 (Reuters) - PNX Metals Ltd PNX.AX :
* SIGNED TERM SHEET FOR PROPOSED FINANCIAL COMMITMENT BY HALIFAX CAPITAL & JOINT VENTURE WITH ITS UNIT
* HC TO FUND UP TO A$40M TO COVER ANTICIPATED CAPITAL REQUIRED FOR DEVELOPMENT OF GOLD PROCESSING INFRASTRUCTURE AMONG OTHERS
* $40M JV PROPOSAL FOR DEVELOPMENT OF GOLD PROCESSING INFRASTRUCTURE AT PNX'S FOUNTAIN HEAD PROJECT
* COMMERCIAL GOLD PRODUCTION AT PROJECT TARGETED FOR 2021