Platinex Sells Ivanhoe Property to Probe; Probe Up Slightly

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Platinex Inc. (PTX.V), has entered into an agreement with Probe Mines Limited (PRB.V) to sell 100% interest in its Ivanhoe property. The Company will receive $80,000 as well as 50,000 common shares, and grant a net smelter royalty ( NSR ) of 1.5% on the property.

The Ivanhoe property comprises 363 claim units covering approximately 58 square kilometres situated at the east end of the Borden Lake Belt. The claims are believed to cover the same horizons which host the Borden Lake gold discovery.

Probe Mines is up 1 cent, to $1.89.



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

Copyright (C) 2014 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


This article appears in: Investing , Commodities

Referenced Stocks: NSR

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