P2P Health Systems Inc.

October 15, 2009 20:33 ET

P2P Update on Change of Business Transaction and Shareholders' Meeting

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 15, 2009) - P2P Health Systems Inc. (the "Company") (NEX:PTP.H) announces that it has re-scheduled its special meeting of shareholders for November 10, 2009 (the "Meeting") to consider, among other matters, its change of business transaction into the mining sector (the "Change of Business"), consolidation and name change (collectively, the "Transactions"), all as more particularly described in its June 3, 2009 news release. A full description of the Transactions and other matters to be considered at the Meeting is contained in the Company's management information circular and other Meeting materials to be mailed to shareholders on October 16, 2009.

The Company also announces that it has received TSX Venture Exchange ("TSXV") conditional approval of the Transactions, as well as the Company's reactivation and graduation from the NEX Board to Tier 2 of the TSXV, subject to receipt of shareholder approval of the Transactions and other filing requirements of the TSXV.

In connection with the Change of Business, the Company has also filed on SEDAR a National Instrument 43-101 compliant technical report titled "Technical Report on Salares 7 Property, Region III, Chile" dated August 31, 2009.

The Company also announces that it granted today an additional 3,520,000 incentive stock options to directors, officers and consultants of the Company pursuant to its Stock Option Plan. These options will be exercisable at a price of $0.10 per share and will expire on October 14, 2014.

For contact information, current news releases, and a link to SEDAR please visit our interim website: http://ptpinfo.com/

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • P2P Health Systems Inc.
    Todd Hilditch
    President and CEO
    (604) 443-3831