VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov 20, 2014) - Geodex Minerals Ltd. (TSX VENTURE:GXM)(FRANKFURT:G2W), (the "Company" or "Geodex") is pleased to announce that it has appointed Evan (Dong) Chen to its advisory board. Concurrent with this appointment the company has placed 600,000 Units with Mr Chen, each Unit consists of one share of the company and one half warrant, at a price of 5 cents per unit. The warrants are exercisable within 24 months from closure of the placing at a strike price of 7 cents. This issue raises $30,000 which shall be employed for general corporate purposes. No finder's fees are associated with this placement. Closing of the Placement is subject to the receipt of regulatory approval, including approval of the TSX.
Evan (Dong) Chen is the Founder and President of Fredstone Materials Inc., New Brunswick, Canada, a company providing marketing/consulting service for mining investments and metal/mineral trading, as well as the Canadian broker of China based mining exchange TIMEx. Previously Mr. Chen was Managing Director of Dlrow (Tianjin) Co., Ltd., a Chinese trading firm for various of metal/mineral materials, and also from 2006 till 2012 the Exclusive Representative Agent of US based Recapture Metals Inc (now a subsidiary of Molycorp). He holds a Bachelor's degree with a major in metal materials processing engineering.
Geodex's CEO, Christopher Ecclestone, commented, "We are very pleased to bring a veteran trader in the specialty metals space onto our team and look forward to the benefits that might accrue from having a vector into the Chinese specialty metals space for both Antimony and Tin."
About Geodex
Geodex is a mineral resource company focused on critical metal projects, particularly Antimony and Tin. Projecting from its traditional base in Canada's Maritime Provinces the company intends on pursuing opportunities in these metals both there and in Spain, around the Mediterranean Basin and in other traditional mining regions by aggregating past-producing and producing mines in these metals.
ON BEHALF OF THE BOARD OF DIRECTORS
Geodex Minerals Ltd.
Christopher Ecclestone, President & CEO
Forward Looking Statement
Certain information regarding the Company contained in this press release may constitute forward-looking statements within the meaning of applicable securities laws. Forward-looking statements may include estimates, plans, opinions, forecasts, projections or other statements that are not statements of fact. Although the Company believes that expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. The Company cautions that actual performance will be affected by a number of factors, many of which are beyond the Company's control, and that future events and results may vary substantially from what the Company currently foresees.
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.
