Paramax Resources Ltd.
TSX VENTURE : PXM

Paramax Resources Ltd.

February 01, 2010 18:41 ET

Paramax Resources Ltd. Provides Corporate Update

CALGARY, ALBERTA--(Marketwire - Feb. 1, 2010) - Paramax Resources Ltd. (TSX VENTURE:PXM)

The Corporation will grant, subject to regulatory approval, 1,750,000 options to purchase common shares of Paramax ("Options") to the officers and directors at an exercise price of $0.15 and with an expiry date of January 31, 2015. 

Paramax has determined that exemptions from the various requirements of the TSX Venture Exchange Policy 5.9 are available for the grant of these Options.

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.

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