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Message: CEO now owns 4.09 million shares, 16.05% - early warning report

CEO now owns 4.09 million shares, 16.05% - early warning report

posted on Feb 08, 2009 10:57AM

Platinex president, CEO now owns 4.09 million shares

PLATINEX'S CEO INVESTED IN PRIVATE PLACEMENT

Platinex Inc.'s president and chief executive officer, James R. Trusler, has acquired 480,000 common shares of Platinex, at 15 cents per share, under a private placement with Platinex, which closed on Oct. 3, 2008.

Mr. Trusler now owns 4,097,760 common shares, and options exercisable for 680,000 common shares, representing approximately 16.05 per cent of the issued and outstanding common shares (assuming the exercise of the options).

Mr. Trusler has acquired the securities of Platinex for investment purposes, and reserves the right to acquire additional securities of Platinex in the future.

An early warning report will be filed in SEDAR. A copy of that early warning report and further information can be obtained from Mr. Trusler at telephone number 905-470-6400 and fax number 905-470-6450.

HG

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