Platinex's CEO invested in private placement

About this update from Ptx Metals Inc

[{"type":"text","content":"\n\n\n\n/NOT FOR DISSEMINATION OR DISTRIBUTION IN THE UNITED STATES/\n\n\nTORONTO, Oct. 3 /CNW/ - Platinex Inc.'s (TSX-V: PTX) President and CEO,\nJames R. Trusler, today reported that he acquired 480,000 common shares of\nPlatinex Inc. ("Platinex") at $0.15 per share under a private placement with\nPlatinex which closed on this date, on October 3, 2008.\n\n\nMr. Trusler now owns 4,097,760 common shares, and options exercisable for\n680,000 common shares, representing approximately 16.05% of the issued and\noutstanding common shares (assuming the exercise of the options).\n\n\nMr. Trusler has acquired the securities of Platinex for investment\npurposes and reserves the right to acquire additional securities of Platinex\nin the future.\n\n\nAn early warning report will be filed in SEDAR. A copy of that early\nwarning report and further information can be obtained from:\n\n\nJames R. Trusler at Telephone: (905) 470-6400, and Fax: (905) 470-6450.\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) and opportunistic acquisition and\nexploration of other selected precious metal targets. Platinex is determined\nto find platinum sources to be used in the campaign to eliminate the threat of\nglobal warming. Shares of Platinex are listed for trading on the TSX Venture\nExchange under the symbol "PTX".\n\n\n To receive Company press releases, please email [email protected]\n and mention "Platinex" on the subject line.\n\nFORWARD-LOOKING STATEMENTS:\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\nTHE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT\nRESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.\n\n\n%SEDAR: 00014019E\n\n\n","length":2399,"tagName":"div"}]

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