Cap-Ex Ventures Ltd. Closes Adriana and Porky Lake Acquisitions
In addition, the Company also announces that it has closed its acquisition of Newfoundland / Labrador Mineral Licence Number 018542M (the "Porky Lake Property"). The Porky Lake Property was acquired from Bedford Resource Partners Inc. ("Bedford") pursuant to an agreement (the "Agreement") dated April 4, 2011. The Agreement was announced in the Company's news release dated April 7, 2011. Consideration for the acquisition of the Porky Lake Property was a cash payment of $10,000 (the "Cash Payment") and the issuance of 15,000 shares (the "Bedford Shares"). In addition, the Company granted a 1.5% royalty on commercial production from the Porky Lake Property. The Bedford Shares are subject to an Exchange hold period expiring on August 14, 2011
For additional information please visit the Company's website at www.cap-ex.ca.
CAP-EX VENTURES LTD.
Brett Matich
President and CEO
"This news release may contain forward–looking statements. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such 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 more information, please contact
Cap-Ex Ventures Ltd.
Investor Relations
604-669-2279
604-602-1606 (FAX)
info@cap-ex.ca
www.cap-ex.ca