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Mon, July 9, 2012 Prominex Re-Appoints Officers and Grants Stock Options to Independent Directors
July 09, 2012 07:00 ET
Prominex Re-Appoints Officers and Grants Stock Options to Independent Directors
VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 9, 2012) - Prominex Resource Corp. (TSX VENTURE:PXR) announces that the directors re-elected Gordon Barron as president and CEO and Allan Innes as CFO and Secretary of the Company following the Annual General Meeting held on July 6, 2012. The Audit Committee is comprised of Chairman Dr. David Stirling and members Mr. Gordon MacNiel and Ms. Liliana Hartwig. The Compensation Committee is comprised of Chairman, Mr. Gordon MacNiel, and member Dr. David Stirling. The Audit and Compensation Committees are comprised of independent directors.
The Board of Directors approved the grant of 1,200,000 stock options to the independent directors of the Company. Each option is exercisable for one common share of Prominex Resource Corp. for a period of five years from the date of grant at an exercise price of $0.10. All other terms and conditions of the options are in accordance with the Company's Stock Option Plan.
ON BEHALF OF THE BOARD OF DIRECTORS
Gordon Barron, President and CEO
Neither the TSX-V nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this release, and no securities regulatory authority has approved or disapproved of the contents of this release.
