KELOWNA, BC, May 19 /CNW/ - Tiex Inc. ("Tiex" or the "Company") (TSX-V: TIX) is pleased to announce that Dr. Scott Jobin-Bevans (Ph.D., P.Geo.), has
accepted the position of Chairman of the Board.
Scott joined the Board of Directors of the Company on January 21, 2011.
Scott has a B.Sc. (Hons) and M.Sc. from the University of Manitoba and
a Ph.D. from the University of Western Ontario. He is the former
President and Director of Treasury Metals Inc. and the Director and
Founding Partner of Caracle Creek International Consulting Inc.
Presently he is a Director and President of the Prospectors &
Developers Association of Canada (PDAC). Scott has worked with an
impressive and long list of companies that has given him international
credentials that are uncommon in his field.
He has the proven ability to take a company from conception to
multi-million dollar advanced exploration and has valuable experience
in raising and managing risk capital. He also has vast knowledge in
resource modeling, project valuation and NI 43-101 reporting.
Mr. Faulkner comments, "I am very pleased that Scott has accepted the
appointment. I am also excited for our shareholders. This type of
commitment does not come without considerable deliberation on Scott's
part and shows his commitment to the Company and its shareholders." Mr.
Faulkner added, "We, as the Board of the Company have been very active
and committed to maximizing shareholders value. We have been able to
institute changes that will have long term beneficial ramification for
our shareholders as a result of the direction we have taken on the
geological technical and administrative sides. Scott is a tremendous
asset as he is proficient in both of these areas and will certainly add
value as we grow the Company."
Dr. Scott Jobin-Bevans comments, "I am looking forward to my expanded
role at Tiex and to working with the excellent team that Ken has put
together to move the projects and the company forward."
The Company is granting additional stock options to buy an aggregate of
200,000 shares to Scott at a price of $0.18 per common share for a
period of five years ending May 18, 2016. The options have been
granted under the Company's existing stock option plan and are subject
to the provisions contained in the Company's stock option plan. The
Company has a 10-per-cent rolling-stock-option plan, in accordance with
the policies of the TSX Venture Exchange, which plan reserves a maximum
of 10 per cent of the issued and outstanding shares of the Company at
the time of the stock option grant.
About Tiex Inc:
Tiex Inc. is a TSX Venture listed mineral exploration company focused on
the exploration of its 95,559 hectare Cariboo Goldfields Project,
(including the earn-in option/joint venture agreement with Newmont
announced in the Company's April 27, 2011 news release) located in the
historic Quesnel Trough area of central British Columbia, Canada. The
property is accessible by highway and logging roads year round. For
more information, you can visit the company's website at www.tiexinc.com
ON BEHALF OF THE BOARD OF DIRECTORS
"Kenneth D. Faulkner"
President & CEO
Certain information regarding the Company including management's
assessment of future plans and operations, may constitute
forward-looking statements under applicable securities laws and
necessarily involve risks associated with mining exploration and
development, volatility of prices, currency fluctuations, imprecision
of resource estimates, environmental and permitting risks, access to
labour and services, competition from other companies and ability to
access sufficient capital. As a consequence, actual results may differ
materially from those anticipated in the forward-looking statements.
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.
SOURCE TIEX Inc.
For further information:
Kenneth D. Faulkner, President & CEO
Telephone: (250) 869 - 1607
Facsimile: (250) 868 - 0798