The Board of Directors of Integrax Berhad wishes to announce that the Company has established a wholly-owned subsidiary named Integrax Philippines, Inc ("IP") in the Republic of the Philippines.
IP was incorporated in the Republic of Philippines on 26 March 2007 as a private company limited by shares with a capital of 9,600,000 shares of One (1) Peso each. The intended principal activity of IP to be the investment entity of the Company to hold its 20.01% equity interest in Platinum Group Metals Corporation ("PGMC") and for future investments into the Republic of Philippines.
None of the Directors, major shareholders of the Company or persons connected to them has any interest, direct or indirect, in the aforesaid incorporation.
This announcement is dated 27 March 2007.
