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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
Platinex Inc. announces that Felix Lee P.Geo. has been appointed to the board of directors of the Company. Mr. Lee is an economic geologist and Senior Executive with over 30 years of business and project management experience in the minerals industry both in Canada and internationally. Mr. Lee has just completed his tenure as Director and Principal [...]
Platinex Inc. has made its final option payment to Skead Holdings Ltd and Ashley Gold Mines Limited to maintain its large property position in the Shining Tree area of Ontario. James Trusler, interim CEO of Platinex, commented: "The Company continues to believe in the potential presented by the Shining Tree property, which has received little [...]