TORONTO, ONTARIO--(Marketwired - Jun 20, 2014) - Adex Mining Inc. ("Adex" or the "Company") (TSX VENTURE:ADE) announces that it has amended the exercise price of all of the currently issued and outstanding options (the "Options") to acquire an aggregate of 9,720,000 common shares of Adex ("Common Shares") to $0.05 per Option (the "Amended Exercise Price") subject to (i) receiving disinterested shareholder approval for the Amended Exercise Price, (ii) receiving shareholder approval to amend the stock option plan of the Company to, among other things, permit the minimum exercise price of $0.05, and (iii) receiving approval of the TSX Venture Exchange.
Of the 9,720,000 Options outstanding, 8,250,000 of such Options have been granted to current executive officers and directors of the Company.
ABOUT ADEX
Adex Mining Inc. is a Canadian junior mining company with an experienced management team. The Company is focused on developing its flagship Mount Pleasant Mine Property, a multi-metal project that is host to promising tungsten-molybdenum and tin-indium-zinc mineralization. Located in Charlotte County, New Brunswick, the Mount Pleasant Mine Property is 80 kilometres south of Fredericton, the provincial capital, and 65 kilometres from the United States border. The common shares of Adex trade on the TSX Venture Exchange under the stock symbol "ADE".
No securities commission or regulatory authority has approved or disapproved the contents of this press release.
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.
FORWARD-LOOKING INFORMATION
Certain statements in this press release may constitute "forward-looking information" which involve known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements of Adex, its subsidiary or the industry in which they operate to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. When used in this press release, the words "estimate", "believe", "anticipate", "intend", "expect", "plan", "may", "should", "will", the negative thereof or other variations thereon or comparable terminology are intended to identify forward-looking information. Such information reflects the current expectations of the management of Adex with respect to future events based on currently available information and is subject to risks and uncertainties that could cause actual results, performance or achievements to differ materially from those expressed or implied by such forward-looking information. These risks and uncertainties are detailed from time to time, including, without limitation, under the heading "Risk Factors", in reports filed by Adex with the Alberta, British Columbia and Ontario Securities Commissions which are available at