Retains Axino AG for Investor Relation Services in Europe
March 04, 2011
Cap-Ex Ventures Ltd (TSX-V: CEV)(Frankfurt: X0V)("Cap-Ex")(the "Company") is pleased to announce that it has, subject to regulatory approval, retained AXINO AG ("AXINO") to provide investor relations services.
AXINO will present Cap-Ex in Germany and other European Countries, disseminating investor relations information and creating awareness of Cap-Ex in the European financial community. Axino will be responsible for maintaining timely contact with Cap-Ex shareholders, potential investors and investment community professionals.
AXINO will receive a total compensation of EUR 60,000 for an initial term of twelve months, payable in advance on a quarterly basis of EUR 15,000 per quarter starting March 4, 2011. Axino will also receive 200,000 incentive stock options of the Company at an exercise price of $1.17 per share, exercisable for term of five (5) years.
Listing on the Frankfurt Stock Exchange
The Company reports that it has listed the common shares of the Company for trading on the Frankfurt Stock Exchange under the trading symbol X0V.
Grant of Stock Options
Inclusive of the stock options granted to AXINO, the Company reports the grant of 1,400,000 incentive stock options (the "Options") to certain directors, officers, employees and consultants of the Company. The Options have a term of five (5) years and are exercisable at a price of $1.17 per common share. The Options are subject to their acceptance for filing with the TSX Venture Exchange.
About AXINO AG
AXINO AG (http://www.axino.com) is a privately owned full-service investor relations firm based in Stuttgart, Germany. It specializes in representing resource sector companies that wish to obtain investor exposure and develop a shareholder following in the European financial markets with a special focus on the German speaking financial communities. AXINO's clients in the resource sector include such reputable companies as Agnico-Eagle Mines ltd, Endeavour Silver Corp, Monument Mining Limited, Rio Alto Mining Limited, Yukon-Nevada Gold Corp, and others.
About Cap-Ex Ventures Ltd.
Cap-Ex Ventures Ltd. is a Canadian resource company focused on exploration and development of iron ore projects in the Labrador Trough. The Company's Schefferville Properties cover an area of 11,850 hectares and are strategically located close to Iron Ore Processing Plants. Block 103 is on strike to New Millennium's direct shipping ore ("DSO") deposits and KeMag magnetite deposits both to the north and New Millennium/Labrador Iron Mines DSO deposits to the south. In 2008, an airborne magnetic survey identified the most intense magnetic response in the iron belt within Cap-Ex's Block 103 property. Cap-Ex plans to drill the high grade magnetite and the DSO horizons this coming season. The other Schefferville Properties will be the target of additional DSO.
CAP-EX VENTURES LTD.
President and 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."
"This news release may contain forward-looking statements. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements."