TORONTO, Nov. 16, 2017 -- Platinex Inc. is pleased to announce that it has completed an interim closing of its previously announced non-brokered private placement , issuing a total of 8,550,000 units for aggregate gross proceeds of $427,500 . Each Unit consists of one common share of the Company and one warrant of the Company, bearing the terms described in the initial press release announcing the Private Placement . The [...]
Platinex has entered into a Letter of Intent to acquire an interest in an edible brand in the State of Oregon, that holds the rights to a brand known in the Southern and Western Oregon regions. The Letter of Intent also includes acquiring an interest in a co-packaging company that is in the final stages of obtaining a Processor License from the Oregon Liquor Control Commission covering the manufacture of cannabis infused [...]
TORONTO, Nov. 09, 2017 -- Platinex Inc. wishes to announce that it has entered into a letter of intent to acquire an interest in an edible brand in the State of Oregon and a non-brokered private placement up to $600,000. Jim Trusler, CEO of Platinex commented: "We are pleased to announce this important milestone in the development of our cannabis strategy. Partnering with entrepreneurs to empower creativity is the [...]
TORONTO, Nov. 03, 2017 (GLOBE NEWSWIRE) -- James R. Trusler, c/o Platinex Inc., Suite 807, 20 William Roe Blvd., Newmarket, ON L3Y 5V6 (the "Offeror"), announces that his ownership of securities of Platinex Inc. (the "Company") has been decreased to approximately 6.61% of the Company's issued and outstanding share capital as a result of a disposition of common shares of in the public market. Prior to the disposition of [...]
Platinex is pleased to announce the formation of a special committee to evaluate opportunities in cannabis space as well as an update on its efforts to establish an entry point into the cannabis market. As the Company continues to execute its strategy in the cannabis space, its Board of Directors has appointed a Special Committee to evaluate and develop a range of cannabis-focused investment opportunities. The Special [...]
Platinex announced that it has granted stock options to purchase 3,050,000 common shares at $0.10 per share to officers, outside directors and six consultants. The options will expire on September 18, 2022. Platinex granted 2,300,000 options to the following directors and officers:
Platinex is pleased to announce an update on its strategy to expand its business in the cannabis space. James R. Trusler, President and CEO of Platinex comments, "Over the last few weeks we have been examining various strategies to capitalize on the lucrative growth of the cannabis sector in North America. While the industry continues to evolve on the regulatory and business fronts, our chief objectives are creating [...]
Platinex has engaged FMI Capital Advisory as financial advisor to assist in its efforts to grow, finance, secure projects, and in connection with a transaction or a series of transactions. To this end, Platinex and FMI have begun the strategic review process to identify, examine and consider a range of strategic alternatives available to the Company with a view to enhance shareholder value. James R. Trusler, President [...]
Platinex announces that the forty five day period set out in a Letter of Intent with Cannabee Products, Inc announced on June 7, 2017 has expired without concluding an agreement to proceed with the acquisition. James R. Trusler, President and CEO of Platinex states, "Platinex continues to seek meaningful acquisitions in the cannabis space with a view of maximizing shareholder value. The fragmented nature of the industry [...]
TORONTO, ONTARIO--(Marketwired - Jun 29, 2017) - Platinex Inc. (CSE:PTX)(CSE:PTX.CN)(CNSX:PTX) ("Platinex" or the "Company") announces the launch of their brand new community resource website, on Saturday, July 1st, 2017. The URL is www.cannabismall.org. The intention of the site is to become an important voice in the cannabis community of Canada and eventually the world. As well, the site will provide regular updates on [...]
Platinex has agreed to purchase 127 claim units totaling 2,032 hectares in the Shining Tree area of Ontario. The vendor will receive 436,190 shares of Platinex in exchange for Platinex receiving a 100% interest in the claims. The acquisition plus the existing property holdings of Platinex are underlain by a 21 km strike length of the Tyrrell-Ridout Deformation Zone which Platinex believes is an important locus of gold [...]
Platinex announces the target date of July 1st, 2017 to launch its Cannabismall.org community resource website. The Company's objective is to become a voice in the community, to be heard, and to engage its prospective audiences, from subscribers to customers, partners and vendors. James R Trusler, President & CEO of Platinex, states: "We wish to be a reference place both for the uninitiated and the well informed segments [...]
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