Adex Mining Announces Results of Annual and Special Meeting of Shareholders
21 June 2011 - 7:00AM
Marketwired
Adex Mining Inc. ("Adex" or the "Company") (TSX VENTURE: ADE) is
pleased to announce the results of its annual and special meeting
of shareholders held on June 17, 2011 in Fredericton, New
Brunswick.
The shareholders elected Norman Betts, William Burton, Joseph
Ying Kit Lau, Linda Lam Kwan, Yan Kim Po and Joe Kin Foon Tai to
serve as members of the Board of Directors. The shareholders also
re-approved the Company's rolling stock option plan and
re-appointed the Company's auditors. Mr. Yan will serve as the
Chairman and Dr. Betts will serve as the Lead Independent Director
of the Board of Directors. Ms. Lam Kwan will continue to act as the
interim President and Chief Executive Officer.
Ms. Lam Kwan announced that Adex is planning to move its head
office from Toronto to Fredericton.
Mr. Yan stated that, "I am honoured and pleased to accept the
responsibilities as Chairman of the Board. The Adex shareholders'
meeting was very successful and the shareholders have elected an
effective Board of Directors. I am confident about the future
prospects of Adex. We will work to move the Mount Pleasant Mine
project forward and to proceed to the commencement of production as
soon as possible. I want to thank the shareholders of Adex and the
Government of New Brunswick for their ongoing support".
ABOUT ADEX
Adex Mining Inc. is a Canadian junior mining company with an
experienced management team. The Company is focused on developing
its flagship Mount Pleasant Mine Property, a multi-metal project
that is host to promising tungsten-molybdenum and tin-indium-zinc
mineralization. Located in Charlotte County, New Brunswick, the
Mount Pleasant Mine Property is 80 kilometres south of Fredericton,
the provincial capital, and 65 kilometres from the United States
border. The common shares of Adex trade on the TSX Venture Exchange
under the stock symbol "ADE".
No securities commission or regulatory authority has approved or
disapproved the contents of this press release.
FORWARD-LOOKING STATEMENTS
Certain statements in this press release may constitute
"forward-looking" statements which involve known and unknown risks,
uncertainties and other factors which may cause actual results,
performance or achievements of Adex, its subsidiary or the industry
in which they operate to be materially different from any future
results, performance or achievements expressed or implied by such
forward-looking statements. When used in this press release, the
words "estimate", "believe", "anticipate", "intend", "expect",
"plan", "may", "should", "will", the negative thereof or other
variations thereon or comparable terminology are intended to
identify forward-looking statements. Such statements reflect the
current expectations of the management of Adex with respect to
future events based on currently available information and are
subject to risks and uncertainties that could cause actual results,
performance or achievements to differ materially from those
expressed or implied by those forward-looking statements. These
risks and uncertainties are detailed from time to time, including,
without limitation, under the heading "Risk Factors", in reports
filed by Adex with the Alberta, British Columbia and Ontario
Securities Commissions which are available at www.sedar.com and to
which readers of this press release are referred for additional
information concerning Adex, its prospects and the risks and
uncertainties relating to Adex and its prospects. New risk factors
may arise from time to time and it is not possible for management
to predict all of those risk factors or the extent to which any
factor or combination of factors may cause actual results,
performance and achievements of Adex to be materially different
from those contained in forward-looking statements. Although the
forward-looking statements contained in this press release are
based upon what management believes to be reasonable assumptions,
Adex cannot assure investors that actual results will be consistent
with these forward-looking statements. Given these risks and
uncertainties, investors should not place undue reliance on
forward-looking statements as a prediction of actual results. The
forward-looking information contained in this press release is
current only as of the date of the press release. Adex does not
undertake or assume any obligation to release publicly any
revisions to these forward-looking statements to reflect events or
circumstances after the date hereof or to reflect the occurrence of
unanticipated events, except as required by law.
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.
Contacts: Adex Mining Inc. William C. Burton Chief Financial
Officer 1-866-508-2339 (ADEX) investorrelations@adexmining.com
www.adexmining.com
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