Appears management is cleaning up the balance sheet, obviously a good sign for exisiting shareholders.
IMHO at 0.15 DOX.V has good upside prior to exploration, and has less than 20 M I/O.
GLTA
B&B22
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DOREX MINERALS INC.
Suite 705-1060 Alberni Street
Vancouver, BC
V6E 4K2
Ph. 604 688 1160
Email dorexinc@gmail.com
NEWS RELEASE
June 29, 2010
Dorex Minerals Inc. ( TSXV: DOX) is pleased to announce that it has reached an agreement witha creditorto settle debt in theamount of$45,603.41in connection with services previously rendered to Dorex(the "Debt"). The Creditor has agreed to settle the Debt in exchange for the issuance of common shares at a price of
.1125 per a share, for an aggregate issuance of 405,363 shares.
The completion of the shares for debt settlement is subject to the approval of the TSX Venture Exchange. The shares will have a four month hold period.
O behalf of Board of Directors,
Julius Galik
President/CEO
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.
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FYI Dorex's Main Gold Project Points
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