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To: Goose94 who wrote (1271)5/29/2013 8:34:08 AM
From: Goose94Read Replies (1) | Respond to of 202736
 
Planet Mining (PXI-V) buys 1.33 million Challenger Deep (CDE-V) shares
www.planetexploration.net

May 17, 2013 - News Release

Planet Mining Exploration Inc., pursuant to its previously announced change of business (COB) from a junior mineral exploration company to an investment issuer, has completed an investment in Challenger Deep Resources Corp. for 1,333,333 units, at a value of $200,000. Each unit consists of one common share and one common share purchase warrant exercisable at 25 cents per common share for a period of five years. The investment in Challenger Deep Resources was made pursuant to the company's investment policy, a copy of which is attached as a schedule to the management information circular dated as at Feb. 8, 2013.

The company is continuing to work toward completion of its COB and is in the process of satisfying all of the conditions set out by the TSX Venture Exchange in the previously announced conditional approval received by the company. The company anticipates completing the COB in due course. Final approval of the COB remains subject to exchange approval.

Pursuant to the COB, the company intends to become a diversified investment and merchant banking firm focused on the junior resource exploration market. The company's proposed investment activities will primarily be in the resource sector, including precious metals, uranium and coal, oil and gas, base metals, potash, lithium, and rare earths.

For further information with respect to the COB, reference should be made to the circular, a copy of which has been filed by the company on SEDAR.



We seek Safe Harbor.

CDE-V insider trading report: canadianinsider.com