Sitka Gold Corp. press release
Metalex Ventures Ltd. - Corporate update
TSXV - TSX Venture Exchange · Gold · Silver · Arsenic · Tungsten · Copper · Zinc · Lead · Canada
LOWNA, BC, Nov. 20 /CNW/ - Metalex Ventures Ltd (MTX - TSX Venture Exchange) ("Metalex" or the "Company"). At the Annual General Meeting of the Company held in Toronto on October 19, 2006, Dr. Michael Hitch and Chad Ulansky were appointed Directors of the Company. Dr. Hitch, a geologist, brings a wealth of experience in the corporate sector and is a most valuable addition to the Board. Chad Ulansky was the exploration manager for Metalex and has worked on all the Company's projects. Mr. Ulansky commenced his career 17 years ago working for Dia Met Minerals Ltd. on the project which yielded the Ekati Diamond Mine. Since then Mr. Ulansky has led exploration programs in over 15 countries on 4 continents and is currently President of Cantex Mine Development Corp. Chad was appointed Acting Chief Executive Officer and Acting President of Metalex upon Peter Gregory's retirement from the Company on November 2, 2006. The Company thanks Dr. Gregory for his loyal service to Metalex and looks forward to his continued involvement with the Company as a consultant. The Company has also determined to grant a total of 1,700,000 options to certain directors, officers and employees of the company, the said options having an exercise price of $0.70 and a term of 5 years expiring November 1, 2011. Patrice Nazareno chose not to stand for re-election at the Annual General Meeting. In recognition of her many years of service the Company issued her 50,000 shares. The shares are subject to a 4 month hold period.
Chad Ulansky President.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
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