Tiex Inc. - TSX-V Approval of Private Placement and Grants of Stock Options
06.01.2012 | CNW
KELOWNA, Jan. 6, 2012 - Tiex Inc. ("Tiex" or the "Company") (TSXV: TIX) is pleased to announce that the Company received final acceptance from the TSX Venture Exchange on January 5, 2012 for filing documentation with respect to the Company's Non-Brokered Private Placement announced November 9, 2011. In addition the Company announces that it has granted to directors and employees of the Company options to purchase 1,000,000 Common Shares at an exercise price of $0.12 per share, which options will expire on January 5, 2017.About Tiex Inc.
Tiex Inc. is a TSX Venture listed mineral exploration company focused on the exploration of its 95,559 ha Cariboo Region properties, including the 16,180 ha Bullion Property which is under an earn-in option/joint venture agreement with Newmont Canada Corporation as announced in the Company's April 27, 2011 news release. The properties are located in the prolific Quesnel Terrane of central British Columbia, Canada and are accessible by highway and logging roads year round. For more information, you can visit the company's website at: www.tiexinc.com.
ON BEHALF OF THE BOARD OF DIRECTORS
"Kenneth D. Faulkner"
President & CEO
Certain information regarding the Company including management's assessment of future plans and operations, may constitute forward-looking statements under applicable securities laws and necessarily involve risks associated with mining exploration and development, volatility of prices, currency fluctuations, imprecision of resource estimates, environmental and permitting risks, access to labour and services, competition from other companies and ability to access sufficient capital. As a consequence, actual results may differ materially from those anticipated in the forward-looking statements.
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.
For further information:
TIEX Inc.
Ken D. Faulkner, President & CEO
Telephone: (250) 869 - 1607
Facsimile: (250) 868 - 0798
Email: ceo@tiexinc.com