RX Exploration Announces Stock Option Grants to Certain Officers, Employees and Consultants
September 13 2011 - 3:45PM
Marketwired
RX EXPLORATION INC. ("RXE" or the "Company") (TSX VENTURE:
RXE)(OTCQX: RXEXF) announced today the grant of stock options to
certain officers, employees and consultants of the Company. A total
of 1,100,000 stock options were granted pursuant to the terms of
the Company's stock option plan: 600,000 were granted to senior
officers (other than the Chief Executive Officer); 200,000 were
granted to employees; and 300,000 were granted to a consultant. All
options vest immediately and have a strike price of $0.55 (the RXE
closing price on the date prior to the grant). One-third of the
options will have a term of two years, and the balance will have a
term of five years.
About RX Exploration Inc.
RX Exploration Inc. is a gold and silver mining company focused
on growth in North America. The Company's shares are listed on the
TSX-V (Symbol: RXE) and on the OTCQX (Symbol: RXEXF). There are
166,108,390 common shares issued and outstanding.
Cautionary Statement Regarding Forward Looking Information
This press release contains "forward-looking information" within
the meaning of applicable securities laws. Forward-looking
information includes, but is not limited to, the Company's
expectations, intentions, plans, and beliefs with respect to, among
other things, the Drumlummon property. Often, but not always,
forward-looking information can be identified by forward-looking
words such as "anticipate", "believe", "expect", "goal", "plan",
"intend", "estimate", "may", and "will" or similar words suggesting
future outcomes, or other expectations, beliefs, plans, objectives,
assumptions, intentions, or statements about future events or
performance. Forward-looking information is based on the opinions
and estimates of the Company as of the date such information is
provided and is subject to known and unknown risks, uncertainties,
and other factors that may cause the actual results, level of
activity, performance, or achievements of the Company to be
materially different from those expressed or implied by such
forward looking information. This includes the ability to develop
and operate the Drumlummon property, risks associated with the
mining industry such as economic factors (including future
commodity prices, currency fluctuations and energy prices), failure
of plant, equipment, processes and transportation services to
operate as anticipated, environmental risks, government regulation,
actual results of current exploration activities, possible
variations in ore grade or recovery rates, permitting timelines,
capital expenditures, reclamation activities, social and political
developments and other risks of the mining industry. Although RXE
has attempted to identify important factors that could cause actual
results to differ materially from those contained in
forward-looking information, there may be other factors that cause
results not to be as anticipated, estimated, or intended. Readers
are cautioned not to place undue reliance on such information. By
its nature, forward-looking information involves numerous
assumptions, inherent risks and uncertainties, both general and
specific, that contribute to the possibility that the predictions,
forecasts, and projections of various future events will not occur.
The Company undertakes no obligation to update publicly or
otherwise revise any forward-looking information whether as a
result of new information, future events or other such factors
which affect this information, except as required by law.
On Behalf of the Board
Darren Blasutti, President and CEO
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.
Contacts: RX Exploration Inc. Darren Blasutti President and CEO
416-359-9282, ext. 7803