Platinex Inc. announced a private placement of 25,000,000 flow-through common shares at a price of CAD 0.04 per share for gross proceeds of CAD 1,000,000 on November 27, 2023. All securities issued in connection with this offering are subject to a four month plus one day hold period from the closing date in accordance with applicable securities laws. The closing of the offering is subject to certain conditions including, but not limited to, receipt of all necessary regulatory approvals. The company may pay finder's fees to eligible finders in connection with the offering. The company anticipates closing a final tranche of the offering shortly.

On the same day, the company issued 13,125,000 flow-through common shares for gross proceeds of CAD 525,000 in its first tranche.