RX Exploration Inc.

April 01, 2010 16:52 ET

RX Exploration Extends Warrants

TORONTO, ONTARIO--(Marketwire - April 1, 2010) - RX Exploration Inc. (the "Company") (CNSX:RXE) wishes to announce that the CNSX has approved the Company's application to extend the term of 12,500,000 share purchase warrants issued as part of a private placement completed in 2008. Each warrant entitles the holder to acquire one common share of the Company at a price of $0.60. The warrants, originally set to expire between April 3 and June 30, 2010 have been extended for a further 12 months from the original expiry date. All other terms, including the exercise price, remain unchanged.

About RX Exploration Inc.

RX Exploration Inc. is a gold exploration company whose strategy is to re-examine gold projects within North America that have previously reached advanced exploration, underground development or past gold production. The Company is currently focused on re-starting the Drumlummon Mine, its past producing high-grade, bonanza-type, epithermal underground gold and silver mine in Montana. The Company is currently driving an internal ramp from the 400 level to intersect and access the D-Block Zone as well as the Charly Vein system.

The Company's shares are listed on CNSX (Symbol: RXE). There are 93,626,469 common shares issued and outstanding.

Forward Looking Statements: Statements made in this news release that relate to future plans, expectations, events or performances are forward looking statements. Such statements involve risks and uncertainties and are based on current expectations. Consequently, actual results could differ materially from the expectations expressed in these forward-looking statements.

CNSX has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • RX Exploration Inc.
    Murray R. Nye
    (204) 989-2434
    RX Exploration Inc.
    John F. O'Donnell
    Chairman of the Board
    (416) 862-7330