(Source: MARKETWIRE)
Cap-Ex Ventures Ltd. (TSX VENTURE: 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 (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.
For additional information please visit the Company's website at
www.cap-ex.ca.
CAP-EX VENTURES LTD.
Andrew Bowering, President and CEO
"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."
"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."
Contacts:
Cap-Ex Ventures Ltd.
Investor Relations
604-669-2279
604-602-1606 (FAX)
info@cap-ex.cawww.cap-ex.ca
SOURCE: Cap-Ex Ventures Ltd.
A service of YellowBrix, Inc.