PTX Metals Inc. Proclaims Share Consolidation

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TORONTO, Sept. 03, 2024 (GLOBE NEWSWIRE) — PTX Metals Inc. (CSE: PTX) (OTCQB: PANXF, Frankfurt: 9PF) (“PTX Metals” or the “Firm”) pronounces that will probably be continuing with the consolidation of its widespread shares (the “Widespread Shares”) on the premise of 4 (4) pre consolidated Widespread Shares into one (1) submit consolidated Widespread Share (the “Share Consolidation”) permitted by shareholders on July 13, 2022.

The Firm has made progress in advancing its mineral tasks and expects that the Share Consolidation will present higher flexibility because it continues to develop these tasks. Moreover, the Firm anticipates that the Share Consolidation will align shareholders for the potential distribution of Widespread Shares in its subsidiaries.

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The Firm presently has 370,213,062 widespread shares excellent, and, accordingly, expects 92,553,265 widespread shares to be excellent on completion of the Share Consolidation (topic to rounding changes and any additional share issuances previous to the Share Consolidation). The Firm’s excellent convertible securities will even be adjusted in accordance with their phrases to mirror the Share Consolidation.

Completion of the Share Consolidation stays topic to the approval of the Canadian Securities Trade. The Firm will announce the efficient date of the Share Consolidation previous to completion by press launch.

We closed on August 23, 2024, a personal placement of $300,000 to at least one investor at 3 Cents by issuing 10,000,000 movement by means of share. We paid 6% money finder charge.

About PTX Metals Inc.

PTX Metals is a minerals exploration Firm with two flagship tasks located in northern Ontario, famend as a world-class mining jurisdiction for its abundance of mineral sources and funding alternatives. The company goal is to advance the exploration applications in the direction of proving the potential of every asset, which consists of the W2 Copper Nickel PGE Challenge and South Timmins Gold Tasks.

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The portfolio of belongings presents buyers publicity to among the world’s most precious metals together with gold in addition to important metals crucial for the clear power transition similar to copper, nickel, uranium and uncommon metals. The tasks had been acquired for his or her geologically favorable attributes, and proximity to established mining producers. PTX work applications are designed by a group of knowledgeable geologists with in depth profession data gained from their tenure working for world mining corporations in northern Ontario.

PTX Metals relies in Toronto, Canada, with a major itemizing on the Canadian Securities Trade below the image PTX. The Firm can be listed in Frankfurt below the image 9PF and on the OTCQB in the US as PANXF.

For extra data on PTX Metals, please go to the Firm’s web site at https://ptxmetals.com/.

For additional data, please contact:

Warning Relating to Ahead-Wanting Data:

THE CANADIAN SECURITIES EXCHANGE HAS NOT REVIEWED NOR DOES IT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

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This press launch incorporates “forward-looking data” throughout the which means of relevant securities laws. All statements, apart from statements of historic reality, included herein are forward-looking data. Usually, forward-looking data could also be recognized by way of forward-looking terminology similar to “plans”, “expects” or “doesn’t count on”, “proposed”, “is predicted”, “budgets”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “doesn’t anticipate”, or “believes”, or variations of such phrases and phrases, or by way of phrases or phrases which state that sure actions, occasions or outcomes might, may, would, or would possibly happen or be achieved. Particularly, this press launch incorporates forward-looking data in relation to the timing of the Share Consolidation and the Firm’s enterprise plans. This forward-looking data displays the Firm’s present beliefs and relies on data presently accessible to the Firm and on assumptions the Firm believes are cheap. These assumptions embrace, however are usually not restricted to, the power of the Firm to execute on its plans for the Firm and its affiliated entities; and the power to acquire required regulatory approvals.

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Ahead-looking data is topic to recognized and unknown dangers, uncertainties and different components that will trigger the precise outcomes, stage of exercise, efficiency or achievements of the Firm to be materially completely different from these expressed or implied by such forward-looking data. Such dangers and different components might embrace, however are usually not restricted to: normal enterprise, financial, aggressive, political and social uncertainties; normal capital market circumstances and market costs for securities; the precise outcomes of the Firm’s future operations; competitors; adjustments in laws affecting the Firm; the power to acquire and keep required permits and approvals, the timing and availability of exterior financing on acceptable phrases; lack of certified, expert labour or lack of key people.

An outline of extra threat components that will trigger precise outcomes to vary materially from forward-looking data might be discovered within the Firm’s disclosure paperwork on the SEDAR+ web site at www.sedarplus.ca. Though the Firm has tried to establish essential components that might trigger precise outcomes to vary materially from these contained in forward-looking data, there could also be different components that trigger outcomes to not be as anticipated, estimated or supposed. Accordingly, readers mustn’t place undue reliance on forward-looking data. Readers are cautioned that the foregoing record of things is just not exhaustive. Readers are additional cautioned to not place undue reliance on forward-looking data as there might be no assurance that the plans, intentions or expectations upon which they’re positioned will happen. Such data, though thought of cheap by administration on the time of preparation, might show to be incorrect and precise outcomes might differ materially from these anticipated.

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The Firm’s securities haven’t been registered below the U.S. Securities Act of 1933, as amended (the “U.S. Securities Act”), or relevant state securities legal guidelines, and will not be provided or offered to, or for the account or advantage of, individuals in the US or “U.S. Individuals”, as such time period is outlined in Laws below the U.S. Securities Act, absent registration or an relevant exemption from such registration necessities. This press launch shall not represent a suggestion to promote or the solicitation of a suggestion to purchase nor shall there be any sale of the securities in the US or any jurisdiction by which such supply, solicitation or sale can be illegal.

Ahead-looking data contained on this press launch is expressly certified by this cautionary assertion. The forward-looking data contained on this press launch represents the expectations of the Firm as of the date of this press launch and, accordingly, are topic to vary after such date. Nonetheless, the Firm expressly disclaims any intention or obligation to replace or revise any forward-looking data, whether or not because of new data, future occasions or in any other case, besides as expressly required by relevant securities regulation.

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