| TORONTO, Jan. 22, 2024 (GLOBE NEWSWIRE) -- Platinex Inc. (CSE: PTX) (OTCQB: PANXF, Frankfurt: 9PX) (“Platinex” or the “Company”) reports the voting results from its Annual General Special Meeting of shareholders (the "Meeting") held on January 16, 2024.
Shareholders holding 129,324,513 shares or 42.53% of the issued and outstanding shares of the Company (as at the record date January 16, 2024) were represented in person or by proxy at the Meeting and voted in favour of all matters brought before the Meeting as outlined in the Company’s Management Information Circular dated December 08, 2023. The results have been filed on SEDAR, www.sedar.com.
The Company's shareholders set the number of directors of the Company for the ensuing year at six. The six Directors included one new nominee appointee, Mr. Rajesh Sharma.
Platinex is pleased to add Rajesh Sharma, ICD.D to the Board of Directors. Mr. Sharma is the President and CEO at Fancamp Exploration Ltd. (“Fancamp”), who is a nominee director through the Shareholder Agreement dated March 13, 2023 between the Company and Fancamp. He brings global leadership experience across sectors including metals, mining, mineral exploration and international trade. He has led large-scale mining start-ups, several investments and acquisitions, forged mutually beneficial stakeholder partnerships and led international businesses. He serves on the Boards of publicly listed mineral exploration and mining companies. His past roles include Executive in Residence at Investissement Quebec, CEO and Board Member of various mineral exploration, development and mining investment subsidiaries of Tata Steel in Canada and Africa.
Name Change:
The shareholders also approved the resolution to change the Corporate name from Platinex Inc. to PTX Metals Inc. This name change will take effect in February 2024 or such time as the corporate legal amendments have been concluded. Management proposed the name change as the name ‘Platinex’ does not describe the Company’s expanded portfolio and focus on gold, copper-nickel-PGE projects. The Company will continue to trade on the CSE under the symbol PTX.
Stock Option Plan:
Shareholders voted in favour of reapproving the Company’s stock option plan. The Corporation has agreed to grant an aggregate of 6,675,000 stock options to the directors, officers, technical team and consultants. The options are priced at $0.05 per share for a 3 year term from the date of grant. The Company also cancelled 425,000 previously granted options. |