Montreal, Canada, January 30, 2010 --(PR.com
)-- (RGX - TSX.V) Argex Silver Capital Inc. is pleased to announce that it has hired Michael Dehn as President and CEO, and appointed him a director of the company, to be responsible for guiding it to rapid production at Argex's La Blache property.
In previous roles with other companies in the mining and exploration industry, Mr. Dehn has been instrumental in their positioning for both strategic and operational success. He has proven himself a trusted industry advisor – introducing unique investor groups often outside the mining arena to new opportunities in the mining and exploration space.
Mr. Dehn has nearly 20 years of experience in exploration, marketing and business development. He holds a B.Sc. degree in Earth Science from The University of Waterloo. Mr. Dehn spent most of his career to date at Goldcorp Inc. where he worked on marketing the High Grade Zone discovery, the Goldcorp Challenge, grass roots and advanced exploration projects, exploration and joint venture management, and marketing. Currently Mr. Dehn is a partner in the privately held Avanti Management & Consulting Limited and is CEO and director of Puget Ventures Inc., and director of NWM Mining, Hy Lake Gold, Metalore Resources, and Orex Exploration.
Argex is focused in titanium exploration and mineral processing technology. For more information, contact Michael Dehn at (647) 477-2382.
Additionally, Argex reports that it has issued a total of 3,450,000 incentive stock options on January 28, 2010 subject to the approval of the Argex shareholders at its next annual general meeting and regulatory consent.
Officers and directors of Argex were granted 2,775,000 incentive stock options. The balance of the stock options were issued to consultants of the company. These incentive stock options are exercisable at $0.275 with an expiry date of January 28, 2015.
Argex is a junior titanium, iron, vanadium and magnesium explorer with projects in Quebec, Canada . Headquartered in Montreal, Quebec, the company is committed to the interests of its shareholders, with plans to rapidly advance towards titanium production at the 100% owned La Blache deposit located near Bai-Comeau, Quebec. For additional information please visit our website at www.argex.ca.
Roy Bonnell, VP Business Development
Argex Silver Capital Inc
This news release contains discussion of items that may constitute forward-looking statements within the meaning of securities laws that involve risks and uncertainties. Although the company believes the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurances that its expectations will be achieved. Factors that could cause actual results to differ materially from expectations include the effects of general economic conditions, actions by government authorities, uncertainties associated with contract negotiations, additional financing requirements, market acceptance of the Company’s products and competitive pressures. These factors and others are more fully discussed in Company filings with Canadian securities regulatory authorities
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.