PTX Metals Receives Conditional Approval to List on the TSX Venture Exchange and Announces Annual General and Special Meeting Results
PTX Metals Inc. (OTCQB: PANXF) has received conditional approval to list on the TSX Venture Exchange as a Tier 2 Mining Issuer. The company plans to voluntarily delist from the Canadian Securities Exchange once TSXV trading begins. CEO Greg Ferron states this move aligns with their long-term growth strategy and aims to facilitate investment from institutional, European, and US stakeholders.
At their February 25, 2025 annual general meeting, shareholders re-elected seven board members and reappointed Baker Tilly WM LLP as auditor. Additionally, shareholders approved a new omnibus long-term incentive plan, replacing the previous 10% rolling stock option plan. The new plan expands available incentives to include restricted share units and performance share units for officers, directors, employees, and consultants.
PTX Metals Inc. (OTCQB: PANXF) ha ricevuto l'approvazione condizionata per essere quotata sul TSX Venture Exchange come Emittente Mineraria di Categoria 2. L'azienda prevede di ritirarsi volontariamente dalla Canadian Securities Exchange una volta avviato il trading su TSXV. Il CEO Greg Ferron afferma che questa mossa è in linea con la loro strategia di crescita a lungo termine e mira a facilitare gli investimenti da parte di investitori istituzionali, europei e statunitensi.
Durante l'assemblea generale annuale del 25 febbraio 2025, gli azionisti hanno rieletto sette membri del consiglio e hanno riconfermato Baker Tilly WM LLP come revisore. Inoltre, gli azionisti hanno approvato un nuovo piano di incentivazione a lungo termine omnibus, sostituendo il precedente piano di opzioni su azioni del 10% a rotazione. Il nuovo piano amplia gli incentivi disponibili per includere unità di azioni vincolate e unità di azioni legate alle performance per dirigenti, amministratori, dipendenti e consulenti.
PTX Metals Inc. (OTCQB: PANXF) ha recibido la aprobación condicional para cotizar en el TSX Venture Exchange como Emisor Minero de Nivel 2. La empresa planea retirarse voluntariamente de la Canadian Securities Exchange una vez que comience la negociación en TSXV. El CEO Greg Ferron afirma que este movimiento se alinea con su estrategia de crecimiento a largo plazo y busca facilitar la inversión de partes interesadas institucionales, europeas y estadounidenses.
En su reunión general anual del 25 de febrero de 2025, los accionistas reeligieron a siete miembros de la junta y re nombraron a Baker Tilly WM LLP como auditor. Además, los accionistas aprobaron un nuevo plan de incentivos a largo plazo omnibus, reemplazando el anterior plan de opciones sobre acciones del 10% a rotación. El nuevo plan amplía los incentivos disponibles para incluir unidades de acciones restringidas y unidades de acciones vinculadas al rendimiento para directores, empleados y consultores.
PTX Metals Inc. (OTCQB: PANXF)는 TSX Venture Exchange에 Tier 2 광업 발행자로 상장하기 위한 조건부 승인을 받았습니다. 이 회사는 TSXV 거래가 시작되면 자발적으로 캐나다 증권 거래소에서 상장 폐지할 계획입니다. CEO 그렉 페론은 이 조치가 장기 성장 전략과 일치하며 기관 투자자, 유럽 및 미국의 이해관계자로부터의 투자를 촉진할 것이라고 밝혔습니다.
2025년 2월 25일 연례 총회에서 주주들은 7명의 이사회를 재선출하고 베이커 틸리 WM LLP를 감사인으로 재임명했습니다. 또한, 주주들은 이전의 10% 순환 주식 옵션 계획을 대체하는 새로운 옴니버스 장기 인센티브 계획을 승인했습니다. 새로운 계획은 임원, 이사, 직원 및 컨설턴트를 위한 제한 주식 단위 및 성과 주식 단위를 포함하도록 사용 가능한 인센티브를 확대합니다.
PTX Metals Inc. (OTCQB: PANXF) a reçu une approbation conditionnelle pour être cotée sur le TSX Venture Exchange en tant qu'émetteur minier de catégorie 2. L'entreprise prévoit de se retirer volontairement de la Bourse canadienne des valeurs mobilières une fois que le trading sur le TSXV commencera. Le PDG Greg Ferron déclare que ce mouvement s'aligne avec leur stratégie de croissance à long terme et vise à faciliter les investissements des parties prenantes institutionnelles, européennes et américaines.
Lors de leur assemblée générale annuelle du 25 février 2025, les actionnaires ont réélu sept membres du conseil d'administration et ont reconduit Baker Tilly WM LLP en tant qu'auditeur. De plus, les actionnaires ont approuvé un nouveau plan d'incitation à long terme omnibus, remplaçant l'ancien plan d'options d'actions de 10% à rotation. Le nouveau plan élargit les incitations disponibles pour inclure des unités d'actions restreintes et des unités d'actions liées à la performance pour les dirigeants, les administrateurs, les employés et les consultants.
PTX Metals Inc. (OTCQB: PANXF) hat eine bedingte Genehmigung erhalten, um an der TSX Venture Exchange als Tier-2-Bergbauemittent gelistet zu werden. Das Unternehmen plant, sich freiwillig von der Canadian Securities Exchange zurückzuziehen, sobald der Handel an der TSXV beginnt. CEO Greg Ferron erklärt, dass dieser Schritt mit ihrer langfristigen Wachstumsstrategie übereinstimmt und darauf abzielt, Investitionen von institutionellen, europäischen und US-amerikanischen Stakeholdern zu erleichtern.
Auf ihrer Hauptversammlung am 25. Februar 2025 wählten die Aktionäre sieben Vorstandsmitglieder erneut und ernannten Baker Tilly WM LLP als Wirtschaftsprüfer. Darüber hinaus genehmigten die Aktionäre einen neuen Omnibus-Long-Term-Incentive-Plan, der den vorherigen 10% Rolling-Stock-Optionsplan ersetzt. Der neue Plan erweitert die verfügbaren Anreize um eingeschränkte Aktieneinheiten und leistungsabhängige Aktieneinheiten für Führungskräfte, Direktoren, Mitarbeiter und Berater.
- Upgrade to TSXV listing may increase visibility and trading liquidity
- Expanded incentive plan provides more flexibility for talent retention
- TSXV listing still subject to conditions
- Potential short-term trading disruption during exchange transition
Toronto, Ontario--(Newsfile Corp. - March 3, 2025) - PTX Metals Inc. (CSE: PTX) (OTCQB: PANXF) (FSE: 9PX) ("PTX" or the "Company") is pleased to announce that it has received conditional approval from the TSX Venture Exchange ("TSXV") for the listing of its common shares as a Tier 2 Mining Issuer (the "Listing"). The Listing remains subject to the Company meeting certain standard conditions required by the TSXV, 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 "CSE") (the "Delisting"). 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 TSXV.
The Company will provide an update confirming the expected Listing date on the TSXV 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 TSXV will better align with our long-term growth strategy while facilitating further investment and trading by our institutional, European, and US stakeholders," said Greg Ferron, President and CEO 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 February 25, 2025 (the "Meeting"). 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 (the "Board"), and re-appointed 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 (the "Omnibus Plan"), effective as of February 25, 2025. The Omnibus Plan replaces the Company's "rolling" stock option plan (the "Option Plan"), which reserved a maximum of
Further information regarding the Omnibus Plan can be found in the Company's management information circular dated January 13, 2025, filed under its SEDAR+ profile at www.sedarplus.ca.
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 Auditors | 39,562,922 | 1,250 | ||
| Greg Ferron | 39,562,922 | 1,250 | ||
| James R. Trusler | 39,562,922 | 1,250 | ||
| Frederico Marques | 39,564,172 | 0 | ||
| Christophe Vereecke | 39,564,172 | 0 | ||
| Sam Kiri | 39,564,172 | 0 | ||
| Rajesh Sharma | 37,299,422 | 2,264,750 | ||
| Jean David Moore | 39,562,922 | 1,250 | ||
| Approval of Omnibus Long-Term Incentive Plan | 39,549,172 | 0 |
About PTX Metals Inc.:
PTX is a mineral exploration company focused on high-quality critical minerals 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. Our corporate objective is to advance the exploration programs towards proving the potential of each asset, which includes the W2 Cu-Ni-PGE and Gold Project and 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 favorable 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 CSE 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.
For additional information on PTX, please visit the Company's website at https://ptxmetals.com/.
For further information, please contact:
Greg Ferron, President and Chief Executive Officer
Phone: +1 (416) 270-5042
Email: gferron@ptxmetals.com
Forward-Looking Information
This news release contains forward-looking information which is not comprised of historical facts. Forward-looking information is characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, and opportunities to differ materially from those expressed or implied by such forward-looking information, including statements regarding the ability of the Company to satisfy regulatory, stock exchange and commercial closing conditions of Private Placement, and the potential development of mineral resources and mineral reserves which may or may not occur. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, changes in the state of equity and debt markets, fluctuations in commodity prices, delays in obtaining required regulatory or governmental approvals, and general economic and political conditions. Forward-looking information in this news release is based on the opinions and assumptions of management considered reasonable as of the date hereof, including that all necessary approvals, including governmental and regulatory approvals, will be received as and when expected. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether because of new information, future events or otherwise, other than as required by applicable laws. For more information on the risks, uncertainties and assumptions that could cause our actual results to differ from current expectations, please refer to the Company's public filings available under the Company's profile at www.sedarplus.ca.
This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful, including any of the securities in the United States of America. The securities described herein have not been and will not be registered under the United States Securities Act of 1933, as amended (the "1933 Act") or any state securities laws and may not be offered or sold within the United States or to, or for account or benefit of, U.S. Persons (as defined in Regulation S under the 1933 Act) unless registered under the 1933 Act and applicable state securities laws, or an exemption from such registration requirements is available.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/243124
FAQ
When did PTX Metals (PANXF) receive TSXV conditional approval?
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What changes were made to PTX Metals' (PANXF) incentive plan in February 2025?
Why is PTX Metals (PANXF) moving from CSE to TSXV?
