Canamex Shares Final Staged Shares Issued Pursuant to Aranka North Property Option Agreement
June 30 2014 - 7:00AM
Marketwired
Canamex Shares Final Staged Shares Issued Pursuant to Aranka North
Property Option Agreement
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jun 30, 2014) -
Canamex Resources Corp. ("Canamex" or the "Company")
(TSX-VENTURE:CSQ)(OTCQX:CNMXF)(FRANKFURT:CX6) announces that on
June 25, 2014 a total of 1,000,000 common shares were issued to GMV
Minerals Inc. ("GMV") in accordance with an Option and Joint
Venture Agreement (the "Agreement") that was accepted for filing by
the TSX Venture Exchange on August 2, 2011 (refer to News Release
dated July 6, 2011). These shares, representing the last of three
staged issuances of shares that are required to be made pursuant to
the Agreement, are subject to a hold period expiring on October 26,
2014.
Canamex, through its wholly-owned subsidiary Canamex Guyana
Inc., was granted an option to acquire up to a 100% interest in the
Aranka North property by making cash payments to GMV totaling
US$520,628, expending US$1,000,000 in exploration work on the
property before December 31, 2013 (the Company expended over US$1
million, so the expenditure obligation has been met), and issuing a
total of 3,750,000 shares to GMV, all of which have now been
issued. The Company now owns 100% interest in the Aranka North
property.
The Aranka North land package contains nominally 98,000 acres in
a highly prospective gold region in Guyana, South America. Aranka
North lies to the northeast of the major gold discoveries by Guyana
Goldfields Inc. at Aurora and Aranka/Sulphur Rose. The Company has
identified two prominent gold-in-soil anomalies on the Ridge
Anomaly which is located within the Aranka North property, and
completed a 120-hole power auger drilling program on 100-meter, and
locally 50-meter, spacing to define the geometry of the
gold-in-soil anomaly. The Company has curtailed field activities on
the property until further notice, and has the property on care and
maintenance.
By securing 100% ownership in the property the Company will look
towards ways to realize value for the property that management
believes is currently not reflected in the share price of the
Company.
ON BEHALF OF THE BOARD
SIGNED: "Greg Hahn"
Forward-Looking Statements:
This news release contains forward-looking statements regarding
future events and Canamex's future results. These statements are
based on current expectations, estimates, forecasts, and
projections about the industry in which Canamex operates and the
beliefs and assumptions of Canamex's management. Words such as
"expects," "anticipates," "targets," "goals," "projects,"
"intends," "plans," "believes," "seeks," "estimates," "continues,"
"may," variations of such words, and similar expressions, are
intended to identify such forward-looking statements. In addition,
any statements that refer to projections of Canamex's future
financial performance, Canamex's anticipated growth and potentials
in its business and other characterizations of future events or
circumstances are forward-looking statements. Readers are cautioned
that these forward-looking statements are only predictions and are
subject to risks, uncertainties, and assumptions that are difficult
to predict, including those identified elsewhere herein and
Canamex's filings on www.sedar.com. Therefore, actual results may
differ materially and adversely from those expressed in any
forward-looking statements. Canamex undertakes no obligation to
revise or update any forward-looking statements for any reason.
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.
Canamex Resources Corp.Greg HahnPresident and Interim CEO(720)
244-2022www.canamex.usRenmark Financial Communications Inc.Robert
Thaemlitz(514) 939-3989 or (416)
644-2020rthaemlitz@renmarkfinancial.comRenmark Financial
Communications Inc.Henri Perron(514) 939-3989 or (416)
644-2020hperron@renmarkfinancial.comwww.renmarkfinancial.com
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