PTX Metals to delist from CSE, list on TSX-V
2025-03-03 20:49 ET – News Release
Mr. Greg Ferron reports
PTX METALS RECEIVES CONDITIONAL APPROVAL TO LIST ON THE TSX VENTURE EXCHANGE AND ANNOUNCES ANNUAL GENERAL AND SPECIAL MEETING RESULTS
PTX Metals Inc. has received conditional approval from the TSX Venture Exchange for the listing of its common shares as a Tier 2 mining issuer. The listing remains subject to the company meeting certain standard conditions required by the TSX-V, which the company is actively working to satisfy. A further press release will be issued upon receipt of final approval.
In connection with the listing, the company intends to voluntarily delist its common shares from the Canadian Securities Exchange. The delisting is subject to the applicable requirements of the CSE and is expected to take effect once trading of the company’s common shares begins on the TSX-V.
The company will provide an update confirming the expected listing date on the TSX-V and the delisting date from the CSE, once determined.
« The CSE has been a great platform for the company, and we appreciate the support we have received. However, we have listened to feedback from our stakeholders and believe that listing on the TSX-V will better align with our long-term growth strategy while facilitating further investment and trading by our institutional, European and U.S. stakeholders, » said Greg Ferron, president and chief executive officer of PTX.
Additionally, the company is pleased to provide an update on the results of its annual general and special meeting of shareholders, held on Feb. 25, 2025. At the meeting, the shareholders of the company re-elected James R. Trusler, Frederico Marques, Christophe Vereecke, Greg Ferron, Sam Kiri, Rajesh Sharma and Jean-David Moore to the company’s board of directors, and reappointed Baker Tilly WM LLP, chartered professional accountants, as the auditor of the company.
Furthermore, shareholders of the company also approved the adoption of an omnibus long-term incentive plan, effective as of Feb. 25, 2025. The omnibus plan replaces the company’s rolling stock option plan, which reserved a maximum of 10 per cent of the issued and outstanding common shares of the company from time to time for issuance upon the exercise of options. Under the omnibus plan, in addition to those awards and options granted under the former plan, restricted share units and performance share units will also be granted, all governed by a single plan document. The board is of the view that the omnibus plan will allow different types of incentives to be granted to certain officers, directors, employees and consultants of the company.
Further information regarding the omnibus plan can be found in the company’s management information circular dated Jan. 13, 2025, filed under its SEDAR+ profile.
The voting results, as set out in the scrutineer’s report for the meeting, were as follows.
Motions Votes for % for Votes withheld % withheld
Appointment of auditor 39,562,922 100% 1,250 0.00%
Greg Ferron 39,562,922 100% 1,250 0.00%
James R. Trusler 39,562,922 100% 1,250 0.00%
Frederico Marques 39,564,172 100% 0 0.00%
Christophe Vereecke 39,564,172 100% 0 0.00%
Sam Kiri 39,564,172 100% 0 0.00%
Rajesh Sharma 37,299,422 94.28% 2,264,750 0.00%
Jean David Moore 39,562,922 100% 1,250 0.00%
Approval of omnibus long-term incentive plan 39,549,172 99.96% 0 0.04%
About PTX Metals Inc.
PTX is a mineral exploration company focused on high-quality critical mineral projects, including two flagship projects situated in Northern Ontario, renowned as a world-class mining jurisdiction for its abundance of mineral resources and investment opportunities. Its corporate objective is to advance the exploration programs toward proving the potential of each asset, which includes the W2 copper-nickel-platinum-group-element-and-gold project and the South Timmins gold joint venture project.
PTX’s portfolio of assets offers investors exposure to some of the world’s most valuable metals, including gold, as well as essential critical minerals for the clean energy transition: copper, nickel, PGE, uranium and rare metals. PTX’s portfolio of assets was strategically acquired for their geologically favourable attributes and proximity to established mining companies. PTX’s mineral exploration programs are designed by a team of expert geologists with extensive career knowledge gained from their tenure working for global mining companies in Northern Ontario and around the world.
PTX is based in Toronto, Canada, with a primary listing on the Canadian Securities Exchange under the symbol PTX. The company is also listed in Frankfurt under the symbol 9PF and on the OTCQB in the United States as PANXF.