Platinex Vests Interest in Shining Tree Property
16 Mai 2011 - 3:00PM
Marketwired
Platinex Inc. (TSX VENTURE: PTX), is pleased to announce today that
the Company now owns a 100% interest in its Shining Tree property
subject to a 3% net smelter royalty. Platinex fulfilled its final
requirement by issuing 1,045,454 common shares at a deemed value of
$0.11 per share. The shares are subject to a hold period expiring
on September 14, 2011.
About Platinex Inc.
Platinex has recently revealed strong evidence of a major gold
bearing zone on its Shining Tree property as evidenced by an
extraordinarily high gold content of soil samples along a nine km
long corridor. Platinex is also exploring the Herrick gold deposit
with 63 holes drilled to date returning good gold values.
Platinex's management team has been leaders in the exploration and
development of Platinum Group Elements (PGE's) in North America for
24 years. Shares of Platinex are listed for trading on the TSX
Venture Exchange under the symbol "PTX".
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)
info@investor3.ca
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