Business
Platinex Issues Shares for Debt
Platinex Issues Shares for Debt.
About this update from Ptx Metals Inc
[{"type":"text","content":"\n\n\n\nAURORA, ON, Feb. 21 /CNW/ - Platinex Inc. - (TSX Venture: PTX) announced\ntoday that it has reached an agreement, subject to regulatory approval, with a\ndirector and another non-arm's length supplier of services to settle debt\ntotaling $62,720 by the issuance of 313,600 common shares at a deemed value of\n$0.20 per share. Platinex is completing its filing application for approval of\nthis transaction with the TSX Venture Exchange. The common shares issued will\nbe subject to a four-month hold period once issued.\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 became listed for trading on the TSX Venture Exchange on\nNovember 4, 2005, under the symbol PTX.\n\n\nTo receive Company press releases, please email [email protected] and\n mention \"Platinex\" on the subject line.\n\n THE TSX VENTURE EXCHANGE DOES NOT ACCEPT RESPONSIBILITY\n FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.\n\n\n%SEDAR: 00014019E\n\n\n","length":1412,"tagName":"div"}]