KELOWNA, BC, March 26, 2013 /CNW/ - Cantex Mine Development Corp. (CD : TSXV) (the "Company") announces that, subject to regulatory
approval, it has agreed to settle indebtedness totaling $10,767 owing
to a third party vendor with the issuance of 215,334 shares with a
deemed value of $0.05 per share. The indebtedness includes monies owing
for geological consulting services.
The Board of Directors also approved an aggregate of 6,940,000 options
to be granted to certain directors, officers and employees. Each of
these options allows the holder to purchase one common share of the
Company at a price of $0.10 valid until March 21, 2019.
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.
SOURCE: Cantex Mine Development Corp.
For further information:
Cantex Mine Development Corp, Tel: +250-860-8582, Email: firstname.lastname@example.org