Argex Releases Unaudited Financial Statements and Management's Discussion and Analysis For The Period Ended March 31, 2011
MONTREAL, June 29, 2011 /CNW/ --
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OF FOR DISSEMINATION IN
THE U.S.
MONTREAL, June 29, 2011 /CNW Telbec/ - Argex Mining Inc. (Argex) (TSXV: RGX) (FSE: ASV) (OTCBB: ARGEF) is pleased to announce that it has filed its Financial Statements (the
'Financial Statements') and the accompanying Management's Discussion
and Analysis ('MD&A') for the quarter ending March 31, 2011. These
reports are available at www.argex.ca and www.sedar.com.
As outlined in its Financial Statements and MD&A, cash and cash
equivalents amounted to $4,453,670. The increase in cash and cash
equivalents as at March 31, 2011 is largely attributable to the
exercise of warrants, broker warrants and options. At at March 31,
2011, the Company had working capital of $5,296,348.
About Argex Mining Inc.
ARGEX MINING INC. is transitioning from a titanium, iron and vanadium
explorer to a development company with projects in Quebec, Canada. The
Company is committed to its strategic plan of rapidly advancing towards
profitable production at its 100% owned La Blache deposits located near
Baie-Comeau, Quebec. For additional information please visit our
website at www.argex.ca.
Forward-Looking Statements
This news release contains discussion of items that may constitute
forward-looking statements within the meaning of securities laws that
involve risks and uncertainties. Although the Company believes the
expectations reflected in such forward-looking statements are based on
reasonable assumptions, it can give no assurances that its expectations
will be achieved. Factors that could cause actual results to differ
materially from expectations include the effects of general economic
conditions, actions by government authorities, uncertainties associated
with contract negotiations, additional financing requirements, market
acceptance of the Company's products and competitive pressures. These
factors and others are more fully discussed in Company fillings with
Canadian securities regulatory authorities.
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.
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Roy Bonnell, President and Chief Executive Officer
Argex Mining Inc.
514-788-8923
roy@argex.ca
Or
Paradox Public relations at 514-341-0408 or 1-866-460-0408