RX Exploration Inc.

October 08, 2009 15:29 ET

RX Issues Stock Options

TORONTO, ONTARIO--(Marketwire - Oct. 8, 2009) - RX Exploration Inc. (CNSX:RXE) is pleased to announce that on September 28, 2009, the company granted a total of 1,600,000 replacement options and 1,450,000 new options to certain directors and consultants pursuant to its incentive stock option plan. Both the replacement options and new options are exercisable at $0.32 per share, expiring on January 29, 2013. The grant of the replacement options is conditional upon the cancellation or surrender of outstanding options granted to the same persons in the same amounts and having the same exercise price but having an expiry date of January 29, 2010. This transaction is subject to any necessary regulatory or stock exchange requirements.

RX Exploration Inc. is a reporting issuer in good standing in the Province of Ontario whose shares are listed on CNSX (Symbol: RXE). There are currently 73,272,578 common shares issued and outstanding.

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

Contact Information

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