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PTX Metals Comments on Recent Promotional Activity Pursuant to OTC Markets' Request
TORONTO, Aug. 06, 2024 (GLOBE NEWSWIRE) -- PTX Metals Inc. (CSE: PTX) (OTCQB: PANXF, Frankfurt: 9PX) (“PTX” or the “Company”), a minerals exploration Company wi
About this update from Ptx Metals Inc
[{"type":"text","content":" TORONTO, Aug. 06, 2024 (GLOBE NEWSWIRE) -- PTX Metals Inc. (CSE: PTX) (OTCQB: PANXF, Frankfurt: 9PX) (“PTX” or the “Company”), a minerals exploration Company with two flagship projects situated in northern Ontario, has received a request from OTC Markets Group Inc. (\"OTC Markets\") to issue this statement on recent promotional activity related to the Company's common shares (the \"Common Shares\") traded on the OTCQB market. On July 31, 2024, OTC Markets informed the Company that it became aware of a promotional activity concerning the Company and its Common Shares increased trading on the OTCQB market, including the distribution of one (1) newsletter published by KryptonStreet on behalf of TD Media LLC (\"TDM\"), discussing the Company, its business, and the general mining industry (\"Newsletter\"). The Company, management, board of directors and 3rd party service providers were not involved with the Newsletter, with the preparation or content creation and do not have a relationship with TDM. After reviewing the content of the Newsletter, the information is accurate, based on recent press releases, filings on SEDI and the Company’s website. An increase in the trading volume of the Company's Common Shares was noted by the OTC Markets on July 31, 2024. The trading volume of 3.274 million represented approximately 3% of the total volume of 76 million shares traded over the past 12 months in Canada. The Company understands certain promotional activity coincided with increased trading activity in its Common Shares beginning on July 31, 2024. However, the Company does not believe the promotional activities were the sole or primary factor in any increase in trading volume of its Common Shares. Rather, there are many other factors including the active exploration and development and acquisition of mineral properties over the past 12 months and press releases that are likely to affect trading activity of the Common Shares generally, which may include, but are not limited to: PTX Metals Commences Spring 2024 Exploration Programs at South Timmins Gold Projects PTX Metals Announces Successful Near Surface Drill Results from W2 Cu-Ni-PGE Project which Significantly Expanded the Mineralized Trend Outside the W2 Deposit PTX Metals Announces Additional Wide Zones of Near Surface Copper Nickel PGE Mineralization at W2 Proj...