Solex
Resources Announce Further Extension to Non-brokered Private Placement Closing
August 20, 2009
-- Vancouver B.C.: Solex
Resources Corp. (TSX-V: SOX) ("Solex" or the "Company")
today announced that the previously announced offering of up to 15,000,000
units ("Units") on a private placement basis at a price of $0.15 per
Unit to raise gross proceeds of $2,250,000 ("the Offering") which was
due to close on August 20, 2009 will be extended.
The Company has initiated a process to consider
and respond to various strategic opportunities which may be available to the
Company. The review was precipitated by the receipt of an unsolicited third
party offer to subscribe for the full amount of the placement with the
intention to negotiate a business combination of the two parties. The Board of
Directors of Solex Resources has formed a Special Committee of independent
directors to review and consider this offer and alternative ways of maximising
value for the shareholders. The Company emphasized that there can be no
assurance that any transaction or other alternative will ultimately be
completed.
About
Solex Resources Corp.
Solex Resources Corp.
is the dominant landholder in southern Peru's
Macusani Uranium District with concessions covering over 904 km2. The Company
is also exploring its two other 100% owned Macusani uranium projects (West
and South), and proximal Picotani uranium project. NI 43-101 reports were
filed during 2008 on the Princesa silver, lead and zinc property and on the
Pilunani lead and zinc project.
Neither 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.
This news release may contain forward-looking
statements that are based on Solex's expectations, estimates and projections
regarding its business and the economic environment in which it operates. These
statements are not guarantees of future performance and involve risks and
uncertainties that are difficult to control or predict. Therefore, actual
outcomes and results may differ materially from those expressed in these
forward-looking statements and readers should not place undue reliance on such
statements. Statements speak only as of the date on which they are made, and
the Company undertakes no obligation to update them publicly to reflect new
information or the occurrence of future events or circumstances, unless
otherwise required to do so by law.
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FURTHER INFORMATION:
Deborah
Thiel
Corporate Development
Cell: 604-512-9691
Toll Free:
1 (877) 646-4488
Email: dthiel@solexresources.com
Website:
www.solexresources.com
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