DEX Almadex Minerals Ltd

Detector Exploration Ltd. (TSX VENTURE:DEX) (the "Corporation") was unsuccessful
at raising funds through the private placement announced May 14, 2012 for the
drilling of an oil well at Redwater, Alberta.


On August 9, 2012 the Corporation sold all of its Redwater properties to a
private Alberta oil corporation. Funds from the sale of the property will be
used for accounts payable as well as reducing existing promissory notes.


Following the transaction, Detector Exploration Ltd. production will be
approximately 50 BOEPD of which 95% is gas production.


As of August 10, 2012 Detector has outstanding 11,918,701 Common Shares.
Detector has determined that Detector's "public float" (the number of shares
outstanding not held by directors, officers, promoters, 10% shareholders or
their affiliates, spouses, and other associates and not under any hold period or
escrow restrictions) is 5,589,752 based on information provided to Detector by
its insiders.


This update contains "forward looking statements" within the meaning of the
United States Private Securities Litigation Reform Act of 1995 and applicable
Canadian securities legislation. Generally, these forward looking statements can
be identified by the use of forward looking terminology such as "plans",
"anticipated", "expects" or "does not expect", "is expected", "budget",
"scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not
anticipate", or "believes", or variations of such words and phrases or state
that certain actions, events or results "may", "could", "would", "might" or
"will be taken", "occur" or "be achieved". Detector is subject to significant
risks and uncertainties which may cause the actual results, performance or
achievements to be materially different from any future results, performance, or
achievements expressed or implied by the forward looking statements contained in
this release. Detector cannot assure investors that actual results will be
consistent with these forward looking statements and Detector assumes no
obligation to update or revise the forward looking statements contained in this
release to reflect actual events or new circumstances.

Almadex Minerals (TSXV:DEX)
Historical Stock Chart
From Oct 2024 to Nov 2024

Almadex Minerals (TSXV:DEX)
Historical Stock Chart
From Nov 2023 to Nov 2024