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.

CSE:PTX - Post by User

PTX Metals Inc

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Post by drew17on Sep 05, 2007 5:38pm

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Post# 13346934

TSX Accepts second tranche

Platinex 3,698,333-share private placement 2007-09-05 16:32 ET - Private Placement The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement (second tranche) announced Aug. 2, 2007. Number of shares: 820,000 flow-through shares and 2,878,333 non-flow-through shares Purchase prices: 35 cents per flow-through share and 30 cents per non-flow-through share Warrants: 2,878,333 share purchase warrants to purchase 2,878,333 shares Warrant exercise price: 35 cents for a two-year period Hidden placees: 14 hidden placees participated Insider: Robert G. Kearns, 60,000 Finders: Barrington Capital Corp., Jones Gable & Company Ltd., and Kris Begic Finders' fees: $55,760 in cash, 202,667 broker warrants (option to purchase 202,667 units at 30 cents per unit (one common share and one warrant exercisable into one common share at 35 cents for two years)) and 65,600 broker warrants (option to purchase 65,600 common shares at 35 cents per share for two years)

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