TRADING SYMBOL: RLX and RLX.A (TSXV)
CALGARY, Dec. 7 /CNW/ - The Board of Directors of Realex Properties Corp. ("Realex" or the "Corporation") is pleased to announce that Mr. Ken Davidson has been appointed a Director and Member of the Board of Directors of Realex, effective December 3, 2009, subject to regulatory approval. In connection with his appointment as Director, Mr. Davidson was granted options to purchase 125,000 non-voting shares of Realex at a price to be determined on December 14, 2009 based on the previous five day weighted average trading price. These options vest over three years and will expire on December 3, 2014.
Mr. Davidson has more than 30 years experience in the banking and securities areas of the financial services sector. He spent 5 years as Co-Chief Executive Officer of Gordon Capital Corp and 20 years with the Canadian Imperial Bank of Commerce. Over his career he has been involved in corporate, investment and merchant banking as well as project financing and credit/market risk management. He also served as Executive Vice-President, Risk Management in his final five years with the bank. For more than 9 years he was a Director of Pacific Century Group, Hong Kong. He has been directly involved in Asian/North American investment opportunities in the real estate, services, high technology and retail sectors.
Mr. Davidson is presently a Director of Millar Western Forest Products Ltd. and Vermilion Energy. He holds a B.Sc. Mathematics, a B.Sc. Business from Concordia University and a Masters in Business Administration, from McMaster University.
The TSX Venture Exchange has neither approved nor disapproved the contents of this news release. 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 news release.
This news release contains forward looking statements subject to various significant risks and uncertainties which may cause actual results, performances and achievements of Realex to be materially different from any future results, performances or achievements, expressed or implied by such forward looking statements. Realex cannot assure investors that actual results will be consistent with these forward looking statements and Realex assumes no obligation to update or revise them to reflect new events or circumstances.
SOURCE REALEX PROPERTIES CORP.
For further information: For further information: Tom Heslip, President and Chief Executive Officer, Realex Properties Corp., Telephone: (403) 206-3149, Facsimile: (403) 264-5892, Email: firstname.lastname@example.org; Mark Suchan, Chief Financial Officer, Realex Properties Corp., Telephone: (403) 206-3143, Facsimile: (403) 264-5892, Email: email@example.com