ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for charts Register for streaming realtime charts, analysis tools, and prices.

ADE Adex Mining Inc

0.01
0.00 (0.00%)
17 Dec 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% 0.01 0.005 0.01 0.01 0.01 0.01 7,000 00:00:00

Adex Mining Announces Results of Annual and Special Meeting of Shareholders and Corporate Update

16/08/2013 5:25pm

Marketwired Canada


Adex Mining Inc. ("Adex" or the "Company") (TSX VENTURE:ADE) is pleased to
announce the results of its annual and special meeting of shareholders held on
August 13, 2013 in Fredericton, New Brunswick.


The shareholders re-elected Norman Betts, William Burton, Joseph Ying Kit Lau,
Linda Lam Kwan, Yan Kim Po and Joe Kin Foon Tai to serve as members of the Board
of Directors. The shareholders also re-approved the Company's rolling stock
option plan and re-appointed PricewaterhouseCoopers LLP as the Company's
auditors. Mr. Yan will serve as the Chairman and Dr. Betts will serve as the
Lead Independent Director of the Board of Directors. Mr. Yan also will continue
to serve in the position of Interim President and Chief Executive Officer. 


As at June 30, 2013, the Company had cash and cash equivalents of approximately
Cdn$1.9 million. The Company is considering possible sources of additional
financing to be used for additional work on the Mount Pleasant Mine project. 


As of August 16, 2013, the Company had contracted with several consulting and
engineering companies to provide services and studies to complete a
pre-feasibility study and environmental permitting approval for the purposes of
a possible production decision in relation to the Fire Tower Zone (the "FTZ").
The value of contracts signed to date is approximately Cdn$1.5 million. 


The Company also is in discussions with several China-based smelting companies
to process the tungsten and molybdenum concentrate that may be produced from the
FTZ. 


The Company is continuing to search for a Chief Operating Officer. 

Mr. Yan stated that, "I am pleased that, over the past year, the Company has
made significant progress with the Mount Pleasant Mine project. I am confident
about the future prospects of Adex. We will continue to work to move the project
forward and to proceed to the commencement of production as soon as possible. I
want to thank the shareholders of Adex and the Government of New Brunswick for
their ongoing support".


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 STATEMENTS 

Certain statements in this press release may constitute "forward-looking"
statements 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 statements. 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 statements. Such statements
reflect the current expectations of the management of Adex with respect to
future events based on currently available information and are subject to risks
and uncertainties that could cause actual results, performance or achievements
to differ materially from those expressed or implied by those forward-looking
statements. 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 statements. Although the forward-looking statements contained in
this press release are based upon what management believes to be reasonable
assumptions, Adex cannot assure investors that actual results will be consistent
with these forward-looking statements. Given these risks and uncertainties,
investors should not place undue reliance on forward-looking statements 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 these
forward-looking statements 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

1 Year Adex Mining Chart

1 Year Adex Mining Chart

1 Month Adex Mining Chart

1 Month Adex Mining Chart

Your Recent History

Delayed Upgrade Clock