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Message: Cantex News: . appoints new management, grants options

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Cantex News: . appoints new management, grants options

posted on Feb 02, 09 05:15PM

Cantex Mine appoints new management, grants options

2009-02-02 16:53 ET - News Release

Mr. Chad Ulansky reports

CANTEX PROVIDES CORPORATE UPDATE

Cantex Mine Development Corp.'s board of directors has appointed

Charles Fipke as chairman of the board,
Chad Ulansky as president and chief executive officer,
Keiven Bauer as chief operating officer, and
Chris Sammartino as chief financial officer and secretary.

The board of directors also approved a total of 7.8 million options to be granted to directors and officers.

Each of these options allows the holder to purchase one common share in the company at a price of 10 cents, valid until Jan. 28, 2019.

As a condition of these new grants, a total of six million options, with an exercise price of 10 cents, currently outstanding to certain directors and officers, are to be cancelled.

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