Metalex Ventures Ltd. Corporate Update
25.10.2010 | CNW
KELOWNA, BC, Oct. 25 /CNW/ - Metalex Ventures Ltd. (TSXV : MTX) (the "Company") is pleased to provide an update of the results of its Annual General Meeting held on October 21, 2010.At the meeting, Dr. Charles Fipke, Mr. Glenn Nolan, Mr. Chad Ulansky and Mr. Lorie Waisberg were re-elected to serve on the Company\'s Board of Directors. Shareholders also approved all tabled resolutions including continuation of the existing share option plan and proposed alteration of the Company\'s articles of incorporation to permit the use of electronic record-keeping and uncertificated securities.
Following the meeting, the Board of Directors re-appointed Dr. Charles Fipke as the Chairman of the Board, Chad Ulansky as President and Chief Executive Officer, Keiven Bauer as Chief Operating Officer and Chris Sammartino as the Chief Financial Officer and Secretary to the Company.
The Board has also approved an aggregate of 770,000 options to be granted to certain officers, directors and employees. Each of these options vest immediately and allow the holder to purchase one common share of the Company at a price of $0.70 for a period of 10 years. The issuance of the options is subject to approval by the TSX Venture Exchange.
For Further Information Please Contact:
"Chad Ulansky"
Neither 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.
%SEDAR: 00008159E
For further information:
Chad Ulansky
President and Chief Executive Officer
(250) 860 - 8599
investorinfo@metalexventures.ca
www.metalexventures.com