My understanding is they have applied for CDNX listing, I've heard all OTC stocks will be moving to CDNX but I'm not sure of the timing.
I posted the following on Stockhouse, should be of interest:
"I understand Impala is visiting both of Mustang's PGM properties this week."
DRT
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Platexco Inc -
Globe says Platexco board supports takeover
Platexco Inc PTX
Shares issued 19,277,453
2000-06-08 close $9.15
Friday Jun 9 2000
The Globe and Mail reports in its Friday edition that Impala Platinum Holdings Ltd., the world's second-largest platinum producer, has made a friendly takeover bid for Platexco Inc., a Toronto-based junior mining working on a significant South African platinum project. Reporter Allan Robinson says that Platexco's board is supporting the bid of $191-million, or $9.50 a share, according to chief financial officer John Green. "Our shareholders will get the money promptly. We are one of the few junior mining companies to get listed, raise funds and eventually sell out at a profit," he says. Platexco shares rose $1.40 to $9.15 on the Toronto Stock Exchange on Thursday. The company expects that a study to determine the financial feasibility of developing the South African platinum project will be completed by the fall. Mr. Green says that early work on the project suggests it could cost $252.5-million to $315.6-million to build the mine, located 240 kilometres northeast of Pretoria in an area that produces more than half of the world's platinum. |
