Alexander Nubia International Inc. Announces Issuance of Bonus Shares
July 15 2011 - 4:18PM
Marketwired
Alexander Nubia International Inc. ("ANII" or the "Company") (TSX
VENTURE: AAN) announces that the TSX Venture Exchange has accepted
for filing the Company's previously announced proposal to issue
380,000 common shares in the capital of the Company (the "Bonus
Shares") to its Chief Executive Officer, Alexander Massoud, in
consideration of certain services performed during the fiscal year
ending December 31, 2010. The issuance of the Bonus Shares was
approved by the Company's board of directors in December 2010 and
received disinterested shareholder approval at the annual and
special meeting of shareholders of the Company held on June 23,
2011. The Bonus Shares are subject to a hold period of four months
plus one day from the date of issuance, ending November 16, 2011.
About Alexander Nubia International Inc.:
The Company is a Canadian exploration and development Company
focused on the exploration of precious and base metals minerals in
the Eastern Desert in Egypt. The Company holds two exploration
concessions: Abu Marawat and Fatiri which covers a combined total
area of 2,772.50 km(2). The Abu Marawat concession includes the Abu
Marawat, Hamama and Semna Projects. The Company is currently
focused on the exploration of its 100% owned Abu Marawat project
from which recent drilling carried out by the Company has confirmed
the presence of precious and base metals mineralization.
For more information on the Company please visit our web site at
www.alexandernubia.com.
Certain information in this press release may constitute
forward-looking information. This information is based on current
expectations that are subject to significant risks and
uncertainties that are difficult to predict. Actual results might
differ materially from results suggested in any forward-looking
statements. The Company assumes no obligation to update the
forward-looking statements, or to update the reasons why actual
results could differ from those reflected in the forward
looking-statements unless and until required by securities laws
applicable to the Company. Additional information identifying risks
and uncertainties is contained in the Company's filings with the
Canadian securities regulators, which filings are available at
www.sedar.com.
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.
Contacts: Alexander Nubia International Inc. A. Alexander
Massoud President & Chief Executive Officer Egypt: +2 (0) 22
287 6914, Canada: +1 (877) 607-4747 amassoud@alexandernubia.com
Alexander Nubia International Inc. Donald M. Cameron, CA Chief
Financial Officer Canada: +1 (877) 607-4747
dcameron@alexandernubia.com www.alexandernubia.com
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