James R. Trusler, c/o Platinex Inc., Suite 807, 20 William Roe Blvd., Newmarket, ON L3Y 5V6 announces that, as a result of recent issuances by Platinex Inc. of its common shares and warrants in connection with the completion of a private placement transaction, and am acquisition of mining claims and net smelter royalties as fully described in the Corporation's press release of July 15, 2020 , Mr. Trusler holds less than [...]
Platinex Inc. announced that it has granted stock options to purchase 3,175,000 common shares at $0.085 per share to officers and directors. The options will expire on July, 24, 2025. Platinex granted 2,525,000 options to the following directors and officers: James Trusler Director & CEO 1,100,000 Graham Warren Director 350,000 Lorne Burden Director 550,000 Felix Lee Director 225,000 Lori Paradis Officer 200,000 Michael [...]
Platinex Inc. is pleased to announce that it has completed its previously announced non-brokered private placement , issuing a total of 11,843,333 units for gross proceeds of $355,300. The size of the offering was increased due to market demand. Each Unit consists of one common share of the Company and one common share purchase warrant of the Company. Each Warrant entitles the holder to acquire one additional Common Share [...]
Platinex Inc. announces that due to circumstances created by the novel coronavirus , it will be postponing the reporting of its executive compensation disclosure required to be filed pursuant to section 9.3.1 pursuant of National Instrument 51-102 - Continuous Disclosure Obligations . This news release is being issued in accordance to Ontario Instrument 51-504 – Temporary Exemptions from Certain Requirements to File or [...]
Platinex Inc. announces that due to circumstances created by the novel coronavirus , it will be postponing its reporting of the Company's audited financial statements, accompanying management's discussion and analysis, and related CEO and CFO certifications for the year ended December 31, 2019 , required to be filed by April 29, 2020 pursuant to National Instrument 51-102 - Continuous Disclosure Obligations . The Company [...]
Platinex Inc. and Treasury Metals Inc. have entered into a non-binding heads of agreement between the two companies, namely: Treasury will transfer a 100% interest in its 280 claim unit 5,045 Ha. Shining Tree Fawcett East property to Platinex, to create the largest combined gold focused property package in the Shining Tree District. The Shining Tree Property is located on 21km of the Tyrrell-Ridout Deformation Zone which [...]
Platinex Inc. has completed a third interim closing of its previously announced non-brokered private placement, issuing a total of 400,000 units for gross proceeds of $12,000. This financing is in addition to the previously closed non-brokered private placement of $21,000 on January 29, 2020 and $100,000 which closed on August 26, 2019 for a total of $133,000. Each Unit consists of one common share of the Company and one [...]
Platinex Inc. wishes to confirm that its primary focus is on partnering with other companies to bolster its financial position and enlarge and explore its Shining Tree gold property. Its second priority is to use its unique and proprietary access to continent wide exploration data, experience and expertise respecting palladium, platinum and rhodium to partner with serious and well financed parties in the search for major [...]
Platinex Inc. has completed a second interim closing of its previously announced non-brokered private placement , issuing a total of 700,000 units for gross proceeds of $21,000. This financing is in addition to the previously closed non-brokered private placement of $100,000 which closed on August 26, 2019 for a total of $121,000. Each Unit consists of one common share of the Company and one warrant of the Company. Each [...]
Platinex Inc. announces that it retains a 2.5% NSR royalty on a 19 km strike length of the Big Trout Lake Igneous Complex in northwestern Ontario which comprises 4,987ha. . Work on the Big Trout Lake Igneous Complex was halted pending a lands dispute between the Ontario government, and the Kitchenuhmaykoosib Inninuwug FN . In 2009, Platinex relinquished its property interests to the Ontario government while retaining a [...]
Platinex Inc. announces that it has determined to extend the expiry dates of an aggregate of 12,000,000 common share purchase warrants issued pursuant to private placement offerings of the Company completed on November 15, 2017 and November 30, 2017. Each Warrant entitles the holder to purchase one common share of the Company at an exercise price of $0.15. Warrant Extension The Company has determined to extend the [...]
Platinex Inc. announces that it has entered into Letters of Intent on acquiring two prospective claim groups adjoining its Shining Tree property in Churchill and MacMurchy Townships, Ontario. The first Letter of Intent with Skead Holdings Ltd is with respect to 19 cell claims and one fractional claim. It is intended to include these claims in an existing royalty agreement with Skead Holdings Ltd and to provide Skead with [...]
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