TORONTO, May 15 /CNW/ - Platinex Inc. (TSX Venture: PTX) today reported that the Company has increased the size of its Board from five to six directors. Robert G. Kearns, President of Kearns Insurance Corporation, has been appointed a Director of the Corporation, subject to regulatory approval.
The Platinex Board has also granted an option to Mr. Kearns for 60,000 common shares at $0.45 per share exercisable until May 15, 2012.
About Platinex Inc.
Platinex is a Canadian exploration company based near Toronto. Platinex focuses on carefully selected Platinum Group Element targets in settings analogous to the JM reef (Stillwater Complex, Montana) and the Merensky and UG2 reefs (Bushveld Complex, RSA). Platinex is determined to find platinum sources to be used in the campaign to eliminate the threat of global warming. Shares of Platinex are listed for trading on the TSX Venture Exchange under the symbol PTX.
FORWARD-LOOKING STATEMENTS:
Except for statements of historical fact, all statements in this news release - including, without limitation, statements regarding future plans and objectives - are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate; actual results and future events could differ materially from those anticipated in such statements.
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RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
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