Platinex Grants Stock Options
04 Avril 2011 - 10:00PM
Marketwired
Platinex Inc. (TSX VENTURE: PTX), announced that it has granted
stock options to purchase 1,560,000 common shares at $0.12 per
share. The options will expire on April 1, 2016.
Conditional on TSX-V approval, 1,500,000 options were granted to the
following directors and officers of Platinex:
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James Trusler Director & CEO 240,000
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Bruce Reilly Director & CFO 185,000
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Joanna Perrin Director & VP 125,000
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Lori Paradis Officer 130,000
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David Mason Director 190,000
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Lorne Burden Director 250,000
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Michael Blair Director 190,000
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Bill Baird Director 190,000
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Pursuant to the grant of these options, a total of 4,430,000
options are outstanding under Platinex' Stock Option Plan and at
this time, 225,054 options remain available for issuance. Platinex
has outstanding 46,850,539 shares and giving consideration to this
option issuance 56,947,675 shares on a fully diluted basis.
About Platinex Inc.
Platinex is a well financed Toronto based exploration company.
Platinex's management team has been leaders in the exploration and
development of Platinum Group Elements (PGE's) in North America for
24 years. Platinex is also exploring the Shining Tree gold property
and recently expanded the known size of the Herrick gold deposit
with a 48 hole drill program returning good gold values. Platinex
has recently revealed strong evidence of a major gold bearing zone
on its Shining Tree property as evidenced by very high gold content
of soil samples along a nine km long corridor. Shares of Platinex
are listed for trading on the TSX Venture Exchange under the symbol
"PTX".
For the purpose of this release James R. Trusler, P.Eng is
considered the qualified person.
To receive Company press releases, please email
lparadis@platinex.com and mention "Platinex press release" on the
subject line.
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.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Contacts: Platinex Inc. James R. Trusler President and CEO (905)
258-0517 jtrusler@platinex.com www.platinex.com Investor Cubed Inc.
Alan Huycke (647) 258-3311 or (888) 258-3323 (416) 363-7977 (FAX)
ahuycke@investor3.ca
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