Tiex Grants Incentive Stock Options

About this update from Bullion Gold Resources Corp.

[{"type":"text","content":"\n\n\n\nVANCOUVER, July 3 /CNW/ - TIEX INC (TIEX or the Company) (TSV-V:TIX)\nannounces that the company has granted incentive stock options to directors,\nofficers and employees of the company to purchase up to 560,000 common shares\nin the capital stock of the Company pursuant to a Share Option Plan approved\nby shareholders. The options are exercisable at a price of $0.18 per share,\nand have a term of up to five years.\n\n\nTiex Amends Advanced Royalty\n\n\nTiex has entered into two amended purchase agreements with Lloyd Addie\namending the advanced royalty payments that are currently due from $40,000 to\n$10,000. The prior agreements required additional cash payments of $20,000\nannually, but have been amended to $7,000 annually.\n\n\nTiex has entered into an amended purchase agreement with George Addie\namending the advanced royalty payment that is currently due from $20,000 to\n$5,000. The prior agreement required additional cash payments of $10,000\nannually and has been amended to $3,500 annually. All the agreements retain a\n2% net smelter return of which half can be purchased by the company for\npayment of $1.0 million. The 1.0 million escrowed common shares of Tiex that\nwere issued for the properties were not amended. The properties are located in\nthe historic Cariboo Gold Mining District of central British Columbia and are\nin the vicinity of Hawthorne Gold Corp/Eureka Resources Frasergold Property.\n\n\nTiex Acquires Strategic Claims Adjoining Gold Creek Property\n\n\nThe company has entered into a cash agreement with two vendors to acquire\na 100% interest in 16 mineral claims consisting of three properties for a\ntotal consideration of $7,500. The Claims are located in the historic Cariboo\nGold Mining District of central British Columbia. The Likely property is\nimmediately adjacent to Tiex's Gold Creek claim where a 2009 MMI soil grid\nsurvey is underway and a drill program is planned. The other strategic claims\nare located on Cedar Mountain and adjoin to the south and east of the Spanish\nMountain property of Skygold Ventures and connect with Tiex's claims to the\nsouth.\n\n\nFor more information, you can visit the company's website at\nwww.tiexinc.com\n\n\nJohn Buckle, P. Geo., P. Geoph, the Company's Vice President of\nExploration and a Qualified Person as defined by National Instrument 43-101,\nhas revie...

More updates from Bullion Gold Resources Corp.