Cantex Mine Development Corp V.CD

Alternate Symbol(s): CTXDF

Metals & Mining Industrial Metals & Minerals

Cantex Mine Development Corp. is a Canada-based exploration stage company. The Company's principal business activity is the acquisition and exploration of mineral properties for commercial mineral deposits. The Company’s primary project is located approximately 100 kilometers northeast of Mayo, Yukon Territory, Canada. The Company has approximately 1,075 claims covering over 21,500 hectares in the Yukon. The Company has a 100% interest in four groups of gold exploration claims comprising of approximately 86 claims. The Company has two projects in Yemen: Al Hariqah (Gold) and Al Masna (Nickel, Copper, Cobalt). The Company owns 60% interest in the Al Hariqah (Gold) project. The Al Hariqah is a gold deposit is located approximately 130 kilometers (km) northwest of Sana'a Yemen. The Al Masna'a nickel, copper, cobalt project is located in the Saadah region approximately 205 km north-northwest of the capital city, Sana'a, and 25 km south of the border with Saudi Arabia.

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Cantex Mine Development Corp

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Post by piper10on Feb 02, 2009 4:44pm

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Post# 15746390

New Officers

Cantex provides corporate update

	    KELOWNA, BC, Feb. 2 /CNW/ - Cantex Mine Development Corp. (CD : TSX-V) ispleased to report the Board of Directors has appointed Charles Fipke asChairman of Board, Chad Ulansky as President and Chief Executive Officer,Keiven Bauer as Chief Operating Officer and Chris Sammartino as ChiefFinancial Officer and Secretary.	    The Board of Directors also approved an aggregate of 7,800,000 options tobe granted to directors and officers. Each of these options allows the holderto purchase one common share in the Company at a price of $0.10 valid untilJanuary 28, 2019. As a condition of these new grants an aggregate of 6,000,000options, with an exercise price of $0.10, currently outstanding to certaindirectors and officers are to be cancelled.	    <<	    Signed,	    Chad Ulansky	    Chad Ulansky	    President and CEO	    The TSX Venture Exchange does not accept responsibility for the adequacy	    or accuracy of this release.	    >>	    %SEDAR: 00010333E

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