PTX Metals Inc C.PTX

Alternate Symbol(s): PANXF

Metals & Mining Industrial Metals & Minerals

PTX Metals Inc. is a Canada-based mineral exploration company focused on critical mineral projects, including two flagship projects situated in northern Ontario. 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 232 square kilometers Shining Tree Gold Project and the 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. In addition, it holds a portfolio of net smelter return (NSR) royalties on gold, PGE, and base metal properties in Ontario. The Company also has claims staking a large mineral rights position in the Thelon Basin Nunavut, Canada and the Nunavut Uranium Claims.

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PTX Metals Inc

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Post by drew17on Aug 22, 2007 4:47pm

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Post# 13286005

TSX Accepts Private Placement

Platinex 3.09-million-FT-share private placement 2007-08-22 16:41 ET - Private Placement The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced Aug. 2, 2007. Shares: 3,092,856 flow-through shares and 2,042,668 non-flow-through shares Price: 35 cents per flow-through share; 30 cents per non-flow-through share Warrants: 4,185,524 share purchase warrants to purchase 4,185,524 shares Exercise price: 35 cents for a two-year period (2,042,668 non-FT warrants) 60 cents in the first year and 75 cents in the second year (2,142,856 FT warrants) Hidden placees: 28 hidden placees participated Insiders: Robert G. Kearns 245,000; James Marrelli 181,000

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Rig Count Soars as Utilization Surpasses Industry Averages