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PTX Metals Inc C.PTX

Alternate Symbol(s):  PANXF

PTX Metals Inc., formerly Platinex Inc., is a Canada-based company, which is engaged in acquisition and advancement of quality projects in prolific Ontario mining camps in Canada. The Company’s assets include a 100% ownership interest in the W2 Copper-Nickel-PGE Project near the Ring of Fire; a 75% interest in the South Timmins Mining joint venture with Fancamp Exploration, which includes the 225 square kilometers Shining Tree Gold Project and the highly prospective Heenan Mallard Gold Project, both of which lie along the Ridout-Tyrell Deformation Zone on strike with IAMGOLD’s Cote Gold deposits. It also has an option to earn a 100% ownership interest in the Muskrat Dam Critical Minerals Project with a primary focus on Lithium located in Northwestern Ontario approximately 125 km northeast of Frontier Lithium’s PAK lithium project. The Project comprises six property blocks, which together cover 12,934 hectares.


CSE:PTX - Post by User

Bullboard Posts
Post by Mike1McIntoshon Jul 03, 2018 11:04am
130 Views
Post# 28262114

April mda

April mda
a quote from the recent MDA... I think we should all go back a re-read to remember why we are here "New Initiatives In March 2017, Platinex listed its common shares on the Canadian Securities Exchange ("CSE") and voluntarily delisted from the TSX Venture Exchange ("TSXV"). The move to the CSE was prompted by favorable reviews of the newer exchange and advice from securities counsel that the Company could not seek to engage in non-mining initiatives without first listing on the Canadian Securities Exchange. Although Platinex is a mining issuer, it simply wanted the freedom to pursue other entrepreneurial opportunities that may present themselves. At this time the Company continues to operate as a mining issuer under the policies of the CSE, as it has not completed a fundamental change of business ("COB") but may seek to do so in the future. Until the Company completes the COB, which remains subject to shareholder and CSE approval, it will continue to operate as a mining issuer and allocate the majority of its resources to advancing its mineral exploration properties. While the Company has undertaken certain initiatives in the cannabis sector in the United States, these activities will remain of secondary priority until the Company completes the COB and obtains the approvals required thereto. Nevertheless, to comply with the requirements of the Canadian Securities Administrators Staff Notice 51-352 (Revised) Issuers with U.S. Marijuana-Related Activities. The Company has provided requisite disclosure in this MD&A regarding its activities in the US Cannabis Sector. Please see "Regulatory Overview" and "Risk Factors" sections. "
Bullboard Posts