KELOWNA, BC, March 26, 2013 /CNW/ - Cantex Mine Development
Corp. (CD : TSXV) (the "Company") announces that, subject to
regulatory approval, it has agreed to settle indebtedness totaling
$10,767 owing to a third party vendor
with the issuance of 215,334 shares with a deemed value of
$0.05 per share. The indebtedness
includes monies owing for geological consulting services.
The Board of Directors also approved an
aggregate of 6,940,000 options to be granted to certain directors,
officers and employees. Each of these options allows the holder to
purchase one common share of the Company at a price of $0.10 valid until March
21, 2019.
Signed,
Chad Ulansky
Chad Ulansky
President and CEO
Neither 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.
SOURCE Cantex Mine Development Corp.