Nick DeMare, CPA, CA, is the President and principal of Chase Management Ltd., a
CANEX ENERGY CORP. Suite 702-595 Howe Street VANCOUVER, BC V6C2T5 www.canexenergy.com
TSX VENTURE SYMBOL: CSC July 4, 2016
CANEX ENERGY CORP. ("Canex" or “the Company"; TSX VENTURE:CSC), is pleased to announce that effective immediately, Mr. Nick DeMare has joined the board of directors.
Nick DeMare, CPA, CA, is the President and principal of Chase Management Ltd., a private company providing a broad range of administrative, management and financial services to private and public companies involved in mineral exploration and development, gold and silver production, oil and gas exploration and production and venture capital. For over 20 years, Mr. DeMare has assisted numerous companies in making the transition from the private to public stage and arranging and participating in equity and debt financing. Prior thereto, he was employed as a General Practice Manager with Coopers & Lybrand, Chartered Accountants.
He is currently a director and/or officer of a number of public companies listed on the Toronto Stock Exchange and the TSX Venture Exchange.
Additionally, Canex announces that Mr. Jonathan Challis has resigned from the board of directors to pursue other ventures. The Company would like to thank Mr. Challis for his service and wishes him future success.
About Canex Energy Corp.
Canex Energy Corp is a Canadian-based resource company focused on uranium in Saskatchewan's Athabasca Basin - the world's largest source of high-grade uranium and gold exploration in British Columbia.
ON BEHALF OF THE BOARD Contact
Ph: 604 484 8989 Peter G Wilson, CEO [email protected]
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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.
This news release includes certain statements that constitute “forward-looking information” within the meaning of applicable securities law, including without limitation, statements that address the timing and content of upcoming work programs, geological interpretations, receipt of property titles and exploitation activities and developments. Forward-looking statements address future events and conditions and are necessarily based upon a number of estimates and assumptions. While such estimates and assumptions are considered reasonable by the management of the Company, they are inherently subject to significant business, economic, competitive and regulatory uncertainties and risks, including the ability of the Company to raise the funds necessary to fund the option earn-in on the Clearwater West property and, accordingly, may not occur as described herein or at all. Actual results may differ materially from those currently anticipated in such statements. Factors that could cause actual results to differ materially from those in forward looking statements include market prices, exploitation and exploration successes, the timing and receipt of government and regulatory approvals, and continued availability of capital and financing and general economic, market or business conditions. Readers are referred to the Company’s filings with the Canadian securities regulators for information on these and other risk factors, available at www.sedar.com. Investors are cautioned that forward-looking statements are not guarantees of future performance or events and, accordingly are cautioned not to put undue reliance on forward-looking statements due to the inherent uncertainty of such statements. The forward-looking statements included in this news release are made as of the date hereof and the Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation.