MONTREAL, July 18, 2012 /CNW Telbec/ - Argex Mining Inc. (TSXV: RGX) (FSE: ASV) (OTCBB: ARGEF) is pleased to announce that its corporate name has been changed to Argex
Titanium Inc. Effective Friday July 20, 2012, the common shares of
Argex will commence trading on the TSX Venture Exchange under the new
corporate name Argex Titanium Inc. Argex's trading symbol will remain
"RGX". Argex changed its corporate name to better reflect the business
which it carries on. The change of corporate name was approved by
Argex's shareholders at the annual and special meeting of shareholders
held in Montreal, Quebec on June 26, 2012.
"The new corporate name is a strong reflection of the significant
evolution that Argex has experienced over the past twelve months," said
Roy Bonnell, Argex's President and Chief Executive Officer. "We look
forward to an exciting future as a leader in titanium dioxide."
Registered shareholders holding share certificates in the name of "Argex
Mining Inc." do not need to take any measures regarding their share
Argex management would like to thank their shareholders for their
overwhelming show of support at the Annual General Meeting on the 26th of June, 2012. Over 51 million common share were represented in person
or by proxy which represents 46.4% of the issued and outstanding common
shares. Shareholders approved all resolutions put before them by
management. "Such a significant vote of confidence from our
shareholders is highly encouraging and supportive," said Roy Bonnell.
In other news Argex is pleased to announce the appointment of Sophy
Cesar as the new Manager, Investor Relations and Corporate
Communications, effective immediately. In this role Mrs. Cesar will
report to Roy Bonnell, CEO.
About Argex Titanium Inc.
ARGEX TITANIUM INC. is a near-term producer of Titanium Dioxide. With a
primary goal of advancing rapidly towards production, Argex has adopted
a simple and low-risk strategy for the scale-up of its proprietary
process that allows it to produce high-purity TiO2 directly from run-of-mine material.
The process is running continuously at the mini-plant in Mississauga,
Ontario. The closed-loop process is environmentally friendly and
produces minimal inert tailings.
Additionally, the Corporation owns 100% of the Mouchalagane property,
which is a large Labrador trough iron ore property that represents
further potential upside for the Argex shareholders.
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.
Argex Titanium Inc.
The Howard Group
Sarah Moreau, Consultant, Financial & Regulatory Affairs
514 395-0375, ext.234