Business
Platinex Closes Private Placement
Platinex Closes Private Placement.
About this update from Ptx Metals Inc
[{"type":"text","content":"\n\n\n\nTORONTO, May 14 /CNW/ - Platinex Inc. (TSX Venture: PTX) today reported\nthat the Company has closed a private placement for gross proceeds of $35,000.\nThe placement comprised ordinary common shares at $0.40 per share. The common\nshares are subject to a four-month hold period expiring September 12, 2007.\n\n\nAccounting for the private placement, there are 15,297,763 issued and\noutstanding common shares of Platinex Inc.\n\n\nJames R. Trusler, President and CEO of Platinex Inc., stated, "I am\npleased that Platinex has received this financial support."\n\n\nAbout Platinex Inc.\n\n\nPlatinex is a Canadian exploration company based near Toronto. Platinex\nfocuses on carefully selected Platinum Group Element targets in settings\nanalogous to the JM reef (Stillwater Complex, Montana) and the Merensky and\nUG2 reefs (Bushveld Complex, RSA). Platinex is determined to find platinum\nsources to be used in the campaign to eliminate the threat of global warming.\nShares of Platinex are listed for trading on the TSX Venture Exchange under\nthe symbol PTX.\n\n\nFORWARD-LOOKING STATEMENTS:\n\n\nExcept for statements of historical fact, all statements in this news\nrelease - including, without limitation, statements regarding future plans and\nobjectives, are forward-looking statements that involve various risks and\nuncertainties. There can be no assurance that such statements will prove to be\naccurate; actual results and future events could differ materially from those\nanticipated in such statements.\n\n\nTHE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT\n\n\nRESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.\n\n\n%SEDAR: 00014019E\n\n\n","length":1760,"tagName":"div"}]