AURORA, ON, March 21 /CNW/ - Platinex Inc. (TSX Venture: PTX) announced
today that it has received regulatory approval effective March 19, 2007 from
the TSX Venture Exchange with respect to the filing application in connection
with the Shares for Debt transaction between Platinex Inc., a director and
another non-arm's length supplier of services to settle debt totaling $62,720
by the issuance of 313,600 common shares at a deemed value of $0.20 per share.
The common shares issued are subject to a four-month hold period.
About Platinex Inc.
Platinex is a Canadian exploration company based near Toronto. Platinex
focuses on carefully selected Platinum Group Element targets in settings
analogous to the JM reef (Stillwater Complex, Montana) and the Merensky and
UG2 reefs (Bushveld Complex, RSA). Platinex is determined to find platinum
sources to be used in the campaign to eliminate the threat of global warming.
Shares of Platinex became listed for trading on the TSX Venture Exchange on
November 4, 2005, under the symbol PTX. Including the shares for debt
financing, the Company will have 15,209,763 shares issued and outstanding.
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THE TSX VENTURE EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY
OR ACCURACY OF THIS RELEASE.
For further information:
For further information: www.platinex.com; or contact: Platinex Inc.,
James R. Trusler, President & CEO, Tel: (905) 727-9046, Email:
firstname.lastname@example.org; CHF Investor Relations, Cathy Hume, CEO, Tel: (416) 868-1079
ext. 231, Email: email@example.com