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ADE Adex Mining Inc

0.005
0.00 (0.00%)
19 Jul 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Adex Mining Inc TSXV:ADE 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% 0.005 0.005 0.01 100 01:00:00

Adex Mining Announces Amendment to Exercise Price of Stock Options

20/06/2014 10:18pm

Marketwired Canada


Adex Mining Inc. ("Adex" or the "Company") (TSX VENTURE:ADE) announces that it
has amended the exercise price of all of the currently issued and outstanding
options (the "Options") to acquire an aggregate of 9,720,000 common shares of
Adex ("Common Shares") to $0.05 per Option (the "Amended Exercise Price")
subject to (i) receiving disinterested shareholder approval for the Amended
Exercise Price, (ii) receiving shareholder approval to amend the stock option
plan of the Company to, among other things, permit the minimum exercise price of
$0.05, and (iii) receiving approval of the TSX Venture Exchange. 


Of the 9,720,000 Options outstanding, 8,250,000 of such Options have been
granted to current executive officers and directors of the Company. 


ABOUT ADEX 

Adex Mining Inc. is a Canadian junior mining company with an experienced
management team. The Company is focused on developing its flagship Mount
Pleasant Mine Property, a multi-metal project that is host to promising
tungsten-molybdenum and tin-indium-zinc mineralization. Located in Charlotte
County, New Brunswick, the Mount Pleasant Mine Property is 80 kilometres south
of Fredericton, the provincial capital, and 65 kilometres from the United States
border. The common shares of Adex trade on the TSX Venture Exchange under the
stock symbol "ADE".


No securities commission or regulatory authority has approved or disapproved the
contents of this press release. 


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.


FORWARD-LOOKING INFORMATION 

Certain statements in this press release may constitute "forward-looking
information" which involve known and unknown risks, uncertainties and other
factors which may cause actual results, performance or achievements of Adex, its
subsidiary or the industry in which they operate to be materially different from
any future results, performance or achievements expressed or implied by such
forward-looking information. When used in this press release, the words
"estimate", "believe", "anticipate", "intend", "expect", "plan", "may",
"should", "will", the negative thereof or other variations thereon or comparable
terminology are intended to identify forward-looking information. Such
information reflects the current expectations of the management of Adex with
respect to future events based on currently available information and is subject
to risks and uncertainties that could cause actual results, performance or
achievements to differ materially from those expressed or implied by such
forward-looking information. These risks and uncertainties are detailed from
time to time, including, without limitation, under the heading "Risk Factors",
in reports filed by Adex with the Alberta, British Columbia and Ontario
Securities Commissions which are available at www.sedar.com and to which readers
of this press release are referred for additional information concerning Adex,
its prospects and the risks and uncertainties relating to Adex and its
prospects. New risk factors may arise from time to time and it is not possible
for management to predict all of those risk factors or the extent to which any
factor or combination of factors may cause actual results, performance and
achievements of Adex to be materially different from those contained in
forward-looking information. Although the forward-looking information contained
in this press release is based upon what management believes to be reasonable
assumptions, Adex cannot assure investors that actual results will be consistent
with this forward-looking information. Given these risks and uncertainties,
investors should not place undue reliance on forward-looking information as a
prediction of actual results. The forward-looking information contained in this
press release is current only as of the date of the press release. Adex does not
undertake or assume any obligation to release publicly any revisions to this
forward-looking information to reflect events or circumstances after the date
hereof or to reflect the occurrence of unanticipated events, except as required
by law. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Adex Mining Inc.
Yan Kim Po
Chairman, Interim President and Chief Executive Officer
1-866-508-2339 (ADEX)
investorrelations@adexmining.com
www.adexmining.com

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