TRADING SYMBOL: RLX and RLX.A (TSXV)
CALGARY, Feb. 12 /CNW/ - The Board of Directors of Realex Properties Corp. ("Realex" or the "Corporation") is pleased to announce that Mr. Gregory Milavsky has been appointed to the Board of Directors of Realex, effective February 11, 2010 subject to regulatory approval. In connection with his appointment as Director, Mr. Milavsky was granted options to purchase 125,000 non-voting shares of Realex at a price to be determined on February 23, 2010 based on the previous five day weighted average trading price. These options vest over three years and will expire on February 10, 2015.
Mr. Milavsky is presently Senior Advisor to Canterbury Park Capital and Founder of The Black Box Institute in Toronto. He has worked in the finance and investment field for over 25 years in Toronto, New York, London and Toyko at CIBC, Wolfensohn, Rothschild Canada Ltd. and Scotiabank Private Equity. He has sat on or presently sits on the board of several public and private corporations and non-profit organizations. He is also an adjunct professor at The Schulich School of Business, York University. Mr. Milavsky has a Bachelor of Applied Science (Civil Engineering) from the University of Toronto (1983) and a Master in Business Administration (Distinction) from Harvard Business School (1987).
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: email@example.com; Mark Suchan, Chief Financial Officer, Realex Properties Corp., Telephone: (403) 206-3143, Facsimile: (403) 264-5892, Email: firstname.lastname@example.org