Platinex Inc. announces that it has entered into Letters of Intent on acquiring two prospective claim groups adjoining its Shining Tree property in Churchill and MacMurchy Townships, Ontario. The first Letter of Intent with Skead Holdings Ltd is with respect to 19 cell claims and one fractional claim. It is intended to include these claims in an existing royalty agreement with Skead Holdings Ltd and to provide Skead with [...]
Platinex Inc. announces that Felix Lee P.Geo. has been appointed to the board of directors of the Company. Mr. Lee is an economic geologist and Senior Executive with over 30 years of business and project management experience in the minerals industry both in Canada and internationally. Mr. Lee has just completed his tenure as Director and Principal Consultant to CSA Global Canada and was previously owner and President of [...]
Platinex Inc. has made its final option payment to Skead Holdings Ltd and Ashley Gold Mines Limited to maintain its large property position in the Shining Tree area of Ontario. James Trusler, interim CEO of Platinex, commented: "The Company continues to believe in the potential presented by the Shining Tree property, which has received little modern exploration compared to other gold camps in the Abitibi Greenstone Belt [...]
Platinex Inc. has completed an interim closing of its previously announced non-brokered private placement, issuing a total of 3,333,332 units on August 26, 2019 for aggregate gross proceeds of $100,000. Each Unit consists of one common share of the Company and one warrant of the Company, bearing the terms described in the initial press release announcing the Private Placement dated August 23, 2019 . The Company intends to [...]
Platinex Inc. wishes to provide an update regarding the status of the proposed acquisition of InLove Corp. , intended change of business and amendment of previously announced proposed private placement terms. James Trusler, interim CEO of Platinex, commented: "The board of directors of Platinex has decided not to proceed with the proposed change of business to become a cannabis issuer and go back to its roots and continue [...]
Platinex Inc. is pleased to announce that it has entered into a non-binding letter of intent to acquire InLove Corp. . About InLove Corp. and Todd Shapiro InLove is a Toronto-based company focused on acquiring, developing and marketing cannabis-infused personal and partner use intimacy products. InLove will work exclusively in jurisdictions where such products are permitted by state regulation and exclusively with or [...]
Platinex Inc. wishes to advise that pursuant to a bulletin dated June 3, 2019, the Company has been halt traded pending completion of the Change of Business as deemed by the Canadian Securities Exchange . Change of Business Plan The development of the Company's primary business from mineral resource exploration to investing and operating cannabis businesses was deemed a 'change of business’1 and as a result, the [...]
Platinex Inc. wishes to announce a non-brokered private placement up to $500,000. Non-Brokered Private Placement The Company wishes to announce a non-brokered private placement of up to 10,000,000 units at $0.05/Unit to raise $500,000. Each Unit will consist of one common share of the Company and one Common Share purchase warrant . The closing date of the Offering is anticipated to occur on or about June 7, 2019 or such [...]
Platinex Inc. announces that Graham Warren has been appointed to the board of directors and will chair the audit committee of the Company. The Company has granted an aggregate of 200,000 stock options under its stock option plan to Mr. Warren. The option is exercisable at a price of $0.05 per share and has a term of 5 years. Mr. Warren is a Senior Financial Executive with over 30 years of experience in the mining, oil and [...]
Platinex Inc. announces assignment of its ownership rights, under an option agreement with Skead Holdings Ltd and Ashley Gold Mines Limited respecting a 50% interest in claim L4212960, to Goldeye Explorations Ltd., a subsidiary of Treasury Metals Inc. The terms include proceeds of $25,000 in cash and shares of Treasury Metals Inc. and a 1% NSR royalty on 50% of the claim. Claim L4212960 comprises eight claim units for [...]
Platinex Inc. announces the resignations of Mr. Walter Henry as President, CEO and director and Mr. Tom Hussey as director with immediate effect. Mr. James R. Trusler, Chairman and director of the Company has assumed the role of interim CEO. Mr. Trusler stated, “I would like to thank Mr. Henry and Mr. Hussey for their service to the Company over several years and in particular for moving the Company’s cannabis [...]
Platinex Inc. announces execution of a shares-for-debt settlement transaction of an option payment on claims optioned from Skead Holdings Ltd. and Ashley Gold Mines Ltd. in which Platinex will issue 600,000 common shares at a price of $0.05 per share to Skead Holdings Ltd. and Ashley Gold Mines Ltd. The option payment has a cash value of $30,000. The claims form part of the 14,186 ha Shining Tree gold property in northern [...]
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