KELOWNA, BC, May 26, 2011 /CNW/ - Tiex Inc. ("Tiex" or the "Company") (TSXV: TIX) announces further to the Company's News Release of April 28, 2011, that
it has granted to Coal Harbor Communications Inc. an option to purchase
200,000 Common Shares at an exercise price of $0.18 per share. This
option vests quarterly form the date of the agreement and expires the
earlier of April 30, 2014 and the 30TH day following the date that the Investor Relations Agreement is
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