TerraX proposes Stock Option Amendments
September 15, 2015 TSX-V: TXR Frankfurt: TX0 OTC Pink: TRXXF News Release
TerraX proposes Stock Option Amendments
Yellowknife, Northwest Territories – TerraX Minerals Inc. (TSX-V: TXR; Frankfurt: TX0; OTC Pink: TRXXF) announces that the board has approved proposed amendments to the exercise price of 650,000 options previously granted to certain directors of TerraX. The options were initially granted on March 14, 2014 and have an exercise price of $0.75. Under the proposed amendments, the exercise price will be revised to $0.35. The expiry date of the options will remain unchanged at March 14, 2019.
The proposed amendments remain subject to the approval of the TSX Venture Exchange and of the disinterested shareholders of TerraX at its upcoming annual and special general meeting to be held on October 14, 2015. For more information regarding the proposed amendments, please refer to TerraX’s management information circular which will be available on www.sedar.com.
On behalf of the Board of Directors
"JOSEPH CAMPBELL"
Joseph Campbell President
Contact: Paradox Public Relations
[email protected] Phone: 514-341-0408 Toll Free: 1-866-460-0408
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.
This news release contains forward-looking information, which involves known and unknown risks, uncertainties and other factors that may cause actual events to differ materially from current expectation. Important factors - including the availability of funds, the results of financing efforts, the completion of due diligence and the results of exploration activities - that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time to time on SEDAR (see www.sedar.com). Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The company disclaims any intention or obligation, except to the extent required by law, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.