Temex Reports on the 2012 Annual Meeting of Shareholders and Corporate Update
13 July 2012 - 11:00PM
PR Newswire (Canada)
TORONTO, July 13, 2012 /CNW/ - Temex Resources Corp. , (FWB: TQ1)
("Temex" or "the Company") announces the results of its Annual
General Meeting of Shareholders (the "Meeting") held on July 11,
2012 in Toronto, Ontario. At the Meeting, shareholders
approved all resolutions put before them by management, including
the election of all director nominees, the appointment of the
auditor, the approval of the adoption of the amended and restated
stock option plan, and the approval of the shareholder rights plan
agreement. Results of the Annual and Special Meeting of
Shareholders Election of Directors The shareholders elected
Messrs., Peter Akerley, Ian Campbell, Bruce Durham, Gregory Gibson
and Ronald Goldsack to serve as directors of the Company until the
next annual meeting of the shareholders. The board of
directors (the "Board") is comprised of a majority of independent
directors. Appointment of Auditors The shareholders re-appointed
parker simone LLP, Chartered Accountants as the Company's auditor
and authorized directors to fix the auditor's remuneration.
Approval of the Adoption of the Amended and Restated Stock Option
Plan The shareholders voted in favor of the resolution pertaining
to the approval of the adoption of the amended and restated stock
option plan. Approval of the Shareholder Rights Plan Agreement The
shareholders voted in favor of the resolution ratifying, confirming
and approving the Corporations shareholder rights plan agreement
dated as of January 23, 2012 between the Corporation and Equity
Financial Trust Company. Corporate Update Chairman of the Board and
Officer Appointments At a meeting of the Board of Directors, the
following appointments were approved : Gregory Gibson: Chairman of
the Board Ian Campbell: President and Chief Executive Officer
Edward J. Badida: Chief Financial Officer and Corporate Secretary
On Behalf of the Board of Directors, "Ian Campbell" Ian Campbell
President and CEO About Temex Resources Corp. Temex is a Canadian
based exploration company focusing on its portfolio of precious
metals properties in northeastern Ontario, a world class mining
district. Temex is exploring its Timmins Whitney Property, in
partnership with Goldcorp, and its Juby Gold Project. The
Juby Main Zone has NI 43-101 compliant resources of 22.3 million
tonnes at a grade of 1.30 g/t gold for 934,645 ounces of gold in
the Indicated category and 28.2 million tonnes at a grade of 1.00
g/t gold for 905,621 ounces of gold in the Inferred category, both
at a cut-off grade of 0.40 g/t gold (Note 1). Temex also has
a NI 43-101 compliant resource for tailings material on its
Gowganda Silver Project (Note 2). The tailings piles contain
a NI 43-101 compliant resource of 1.94 million tonnes grading 47.5
g/t silver for a contained resource of 2.96 million ounces of
silver in the Indicated category. Notes: 1. Information regarding
the mineral resource estimate on the Juby Main Zone is in the
Company's news release dated January 16, 2012 and the technical
report filed on SEDAR February 28, 2012. The Mineral Resource
Statement was prepared for Temex by GeoVector Management Inc.,
Ottawa, Ontario according to the "CIM Standards on Mineral
Resources and Reserves: Definition and Guidelines" (December,
2005), by Joe Campbell, BSc, P.Geo., Alan Sexton, MSc, P.Geol., and
Allan Armitage, PhD, P.Geol., "independent qualified persons" as
defined by NI 43-101. 2. Information regarding the mineral resource
estimate in the tailings piles located on the Gowganda Silver
Project is in the Company's news release dated June 8, 2011 and the
technical report filed on SEDAR July 21, 2011. The Mineral Resource
Statement was prepared for Temex by GeoVector Management Inc.,
Ottawa, Ontario according to the "CIM Standards on Mineral
Resources and Reserves: Definition and Guidelines" (December,
2005), by Allan Armitage, PhD, P.Geol., Alan Sexton, MSc, P.Geo.
and Joe Campbell, BSc, P.Geo., "independent qualified persons" as
defined by NI 43-101. Forward Looking Statements: This news release
includes certain "forward-looking statements". Such
forward-looking statements involve risks and uncertainties.
The results or events predicted in these forward-looking statements
may differ materially from actual results or events. The
Company disclaims any intent or obligation to update any
forward-looking statement, whether as a result of new information,
future events or results or otherwise. 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.
Temex Resources Corp. CONTACT:
please visit www.temexcorp.com or email: info@temexcorp.com
orphone:416-862-2246 toll free: 866-373-6287
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