The TSX Venture Exchange has accepted for filing documentation relating to a purchase option agreement dated Aug. 11, 2014, between Perry English, on behalf of Rubicon Minerals Corp., and Platinex Inc. Pursuant to the agreement, the company may acquire a 100-per-cent interest in 10 unpatented mining claims located in Contact Bay area in the district of Kenora in Ontario.

In consideration, the company shall pay a total of $70,350 plus issue up to 800,000 common shares within a five-year period.

The optioners will maintain a 1.5-per-cent net smelter royalty which will be subject to a buyback by the company of $1-million for the first 0.75 per cent and a right of first refusal on the purchase of the remaining 0.75 per cent.

For more information, refer to the company's news release dated Aug. 11, 2014.