Business
Platinex Grants Incentive Stock Options
Platinex Grants Incentive Stock Options.
About this update from Ptx Metals Inc
[{"type":"text","content":"\n\n\n\n/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR\n\n\nDISSEMINATION IN THE UNITED STATES/\n\n\nAURORA, ON, Oct. 16 /CNW/ - Platinex Inc. (TSX Venture: PTX), today\nannounced that it has granted incentive stock options to purchase 1,180,000\ncommon shares at $0.30 per share. The options will expire on October 16, 2012.\n\n\nThe options included 960,000 options granted to the following directors\nand officers of Platinex:\n\nJim Trusler (Director & CEO) (440,000 options)\nJim Marrelli (Director) (120,000 options)\nSimon Baker (Director) (120,000 options)\nJohn Ross (Director) (80,000 options)\nRobert Kearns (Director) (40,000 options)\nTom Atkins (Director) (40,000 options)\nBruce Reilly (CFO) (120,000 options)\n\n\nFollowing the grant of these options, there are 2,505,000 shares which\ncould be issued upon exercise of outstanding options under the Platinex' Stock\nOption Plan; and the remaining number of potential options available under the\nStock Option Plan are for 79,155 shares.\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\nTo receive Company press releases, please email [email protected] and\n\n\nmention "Platinex" on the subject line.\n\n\n%SEDAR: 00014019E\n\n\n","length":2489,"tagName":"div"}]