Company’s new CUSIP and ISIN numbers are 137518106 and CA1375181064 respectively.
CANEX ENERGY CORP.
(formerly Brades Resource Corp.)
202 – 837 West Hastings Street Vancouver, BC, V6C 3N6
May 12, 2015 – Vancouver, BC - Canex Energy Corp. (formerly Brades Resource Corp.) (“Canex” or the “Company”) (TSXV: CSC) announces that, further to its news release dated April 20, 2015, the TSX Venture Exchange has approved a consolidation of its common shares (the "Common Shares") on a 1 new for 3 old basis.
The Company now has approximately 15,644,256 shares issued and outstanding. The Company’s new CUSIP and ISIN numbers are 137518106 and CA1375181064 respectively. The new trading symbol of the Company is “CSC.
No fractional Common Shares will be issued, and no cash will be paid in lieu of fractional postconsolidation Common Shares. The number of post-consolidation Common Shares to be received by a shareholder will be rounded down the nearest whole Common Share.
Letters of transmittal with respect to the consolidation will be mailed to all registered shareholders of the Company on May 12, 2015. All shareholders who submit a duly completed letter of transmittal along with their respective share certificate(s) representing the preconsolidated Shares to the Company’s transfer agent, Computershare Investor Services Inc., will receive a share certificate representing the post –consolidated Shares.
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 in British Columbia. The company has a joint venture with Fission 3.0 Corp. to explore Fission’s Clearwater West property at which Fission’s award-winning technical team will be the Operator. Canex also has a large, strategically located property at Lorne Lake and three newly acquired uranium properties in the Athabasca Basin along with a gold/copper project in British Columbia.
On behalf of the Board, Peter G. Wilson, CEO
For information contact: Brian Biles, Director TEL: 604 687 7742 [email protected] www.bradesresource.com
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.