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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Triex Minerals Corp Com Npv | TSXV:TXM | TSX Venture | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0 | - |
Triex will make application to the Court for the Final Order approving the Arrangement on or about November 26, 2009. The Final Order will not be effective until filed with the Registrar of Companies and the Final Order will only be filed when all other conditions to closing under the Arrangement Agreement have been met or waived. It is anticipated that closing (the "Closing") will occur on or about December 4, 2009.
At the Triex shareholders meeting, the incumbent directors, namely Messrs. Randy C. Turner, Michael H. Gunning, John A. McDonald, Hugh C. Morris and Gary R. Lindsay were all re-elected. The Triex shareholders also ratified the Triex Stock Option Plan and approved the Post-Arrangement Option Plan.
Upon Closing, Triex will become a wholly-owned subsidiary of Diamondex, the Triex shares will be delisted from the TSX Venture Exchange and each Triex share outstanding immediately prior to the Closing will be transferred to Diamondex at Closing, free and clear of any encumbrances. In exchange therefore, each former Triex shareholder will be entitled to receive 0.85 post-Consolidation Diamondex shares for each Triex share.
At the Diamondex meeting, the shareholders approved a resolution consolidating the Company's common shares on the basis of one new common share for ten old Diamondex common shares (the "Consolidation"). The Diamondex shareholders also approved: (a) a resolution approving and authorizing the change of name of Diamondex to "Canterra Minerals Corporation" or such other name as may be allowed by the relevant regulatory authorities and approved by the directors of Diamondex, subject to regulatory approval and closing of the Consolidation; and (b) resolutions ratifying and approving the Diamondex Stock Option Plan and the Post-Arrangement Option Plan, respectively. Mr. John A. McDonald was elected to serve as a director for a term of three years and Mr. Gary R. Lindsay was elected to serve as a director for a term of one year. The other Diamondex directors, namely Messrs. James E. Eccott, James D. Excell, Hugh C. Morris, Mike Muzylowski and Randy C. Turner, whose terms of office did not expire this year, continue as directors.
DIAMONDEX RESOURCES LTD.
Randy C. Turner, President
TRIEX MINERALS CORPORATION
Michael H. Gunning, President
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release.
Contacts: Diamondex Resources Ltd. Randy Turner President 604-687-6644 604-687-1448 (FAX) www.diamondex.net Triex Minerals Corporation Michael Gunning President 604-687-6680 604-687-1448 (FAX) www.triexminerals.com
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