Platinex Inc. Announces the Appointment of Director
September 02 2020 - 7:30AM
Platinex Inc. (CSE: PTX) (the
"
Company" or "
Platinex") is
pleased to announce that Mr. Greg Ferron has been appointed to the
Platinex Board as an independent director, effective today, and
that Mr. Gary Galitsky will be stepping down. Mr. Ferron will chair
the newly formed finance committee.
Mr. James R. Trusler, Chairman of Platinex,
stated, “We are thrilled to have Greg join our Board. His
experience in both the mining and capital markets sectors will
certainly contribute to the Company’s success moving forward. Greg
has demonstrated in his work for Treasury Metals a great sense of
alignment with shareholder value.
“The Company will be launching a comprehensive
and progressive exploration program on its District scale gold
property in the Shining Tree area of Ontario. The program will
commence on several known deposits on the property as well as focus
efforts on the under-explored 21 kilometres of the Ridout-Tyrrell
deformation zone, which hosts both Iamgold's Cote Lake gold deposit
and Caldas Gold's Juby deposit. Mr Ferron’s talents will be
essential as access to capital is an important aspect of the
Company’s game plan.”
Mr. Greg Ferron, newly appointed director,
stated, “Platinex has a unique position in the Shining Tree gold
camp, having the largest gold-focused property package and an
exciting exploration program ahead. I look forward to working with
Jim and his team on their upcoming exploration program and
analysing other strategic opportunities before the company.”
Mr. Ferron held various positions, including as
a member of the stock list committee and heading the Global
Business Development and Corporate Finance for the mining sector,
at the Toronto Stock Exchange and the TSX Venture Exchange and in
corporate development roles at Treasury Metals, Laramide Resources
and Vena Resources. Prior to that, Mr. Ferron was an Analyst at
Scotiabank. Mr. Ferron holds a Bachelor of Commerce from the
University of Guelph.
Platinex would like to thank Mr. Galitsky for
his contributions and wish him well in future endeavours.
The Company would also like to announce that it
has granted 650,000 options to a senior officer and director. The
options are priced at the previous days close of $0.06 and expire 5
years from today’s date.
Lori Paradis, Assistant SecretaryTel: (416)
268-2682Email: lparadis@platinex.comWeb: www.platinex.com
About Platinex Inc. – Advancing a
District Scale Project in an Abitibi Gold CampPlatinex is
focusing its efforts on the exploration of its property in the
Shining Tree District. Platinex has created the largest combined
gold focused property package in the Shining Tree District,
northern Ontario, which has received little modern exploration
compared to other gold camps in the Abitibi Greenstone Belt. Shares
of Platinex are listed for trading on the Canadian Securities
Exchange under the symbol "PTX".
To receive Company press releases, please email
lparadis@platinex.com and mention “Platinex press release” on the
subject line.
FORWARD-LOOKING STATEMENTS:
This news release may contain forward-looking
statements and information based on current expectations. These
statements should not be read as guarantees of future performance
or results. Such statements involve known and unknown risks,
uncertainties and other factors that may cause actual results,
performance or achievements to be materially different from those
implied by such statements. Such statements include use proprietary
data to seek financial backing to advance its platinum group
properties, submission of the relevant documentation within the
required timeframe and to the satisfaction of the relevant
regulators, completing the acquisition of applicable assets and
raising sufficient financing to complete the Company's business
strategy. There is no certainty that any of these events will
occur. Although such statements are based on management's
reasonable assumptions, there can be no assurance that such
assumptions will prove to be correct. We assume no responsibility
to update or revise them to reflect new events or circumstances,
except as required by applicable securities laws.
Investing into early stage companies, inherently
carries a high degree of risk and investment into securities of the
Company shall be considered highly speculative.
This press release shall not constitute an offer
to sell or the solicitation of an offer to buy nor shall there be
any sale of the securities in any province in which such offer,
solicitation or sale would be unlawful. The securities issued, or
to be issued, under the Private Placement have not been, and will
not be, registered under the United States Securities Act of 1933,
as amended, and may not be offered or sold in the United States
absent registration or an applicable exemption from registration
requirements.
The Canadian Securities Exchange has not
passed upon the merits of the Private Placement and has not
approved nor disapproved the contents of this press
release.