Business
METALEX CORPORATE UPDATE
METALEX CORPORATE UPDATE
About this update from Metalex Ventures Ltd.
[{"type":"text","content":"\n\n\n\n Oct. 25, 2010 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\nKELOWNA, BC, Oct. 25 /CNW/ - Metalex Ventures Ltd. (TSXV : MTX) (the "Company") is pleased to provide an update of the results of its Annual General\n Meeting held on October 21, 2010.\n\n\nAt the meeting, Dr. Charles Fipke, Mr. Glenn Nolan, Mr. Chad Ulansky and\n Mr. Lorie Waisberg were re-elected to serve on the Company's Board of\n Directors. Shareholders also approved all tabled resolutions including\n continuation of the existing share option plan and proposed alteration\n of the Company's articles of incorporation to permit the use of\n electronic record-keeping and uncertificated securities.\n\n\nFollowing the meeting, the Board of Directors re-appointed Dr. Charles\n Fipke as the Chairman of the Board, Chad Ulansky as President and Chief\n Executive Officer, Keiven Bauer as Chief Operating Officer and Chris\n Sammartino as the Chief Financial Officer and Secretary to the\n Company. \n\n\nThe Board has also approved an aggregate of 770,000 options to be\n granted to certain officers, directors and employees.  Each of these\n options vest immediately and allow the holder to purchase one common\n share of the Company at a price of $0.70 for a period of 10 years. The\n issuance of the options is subject to approval by the TSX Venture\n Exchange.\n\n\nFor Further Information Please Contact: \n\n\n"Chad Ulansky"\n\n\nNeither TSX Venture Exchange nor its Regulation Services Provider...