KELOWNA, BC, Jan. 6, 2012 /CNW/ - Tiex Inc. ("Tiex" or the "Company") (TSXV: TIX) is pleased to announce that the Company received final acceptance from
the TSX Venture Exchange on January 5, 2012 for filing documentation
with respect to the Company's Non-Brokered Private Placement announced
November 9, 2011. In addition the Company announces that it has granted
to directors and employees of the Company options to purchase 1,000,000
Common Shares at an exercise price of $0.12 per share, which options
will expire on January 5, 2017.
About Tiex Inc.
Tiex Inc. is a TSX Venture listed mineral exploration company focused on
the exploration of its 95,559 ha Cariboo Region properties, including
the 16,180 ha Bullion Property which is under an earn-in option/joint
venture agreement with Newmont Canada Corporation as announced in the
Company's April 27, 2011 news release. The properties are located in
the prolific Quesnel Terrane of central British Columbia, Canada and
are 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:
Ken D. Faulkner, President & CEO
Telephone: (250) 869 - 1607
Facsimile: (250) 868 - 0798