Vantex Resources Ltd.
TSX VENTURE : VAX

Vantex Resources Ltd.

December 02, 2009 15:55 ET

Vantex Modifies Stock Option Plan

LA PRAIRIE, QUEBEC--(Marketwire - Dec. 2, 2009) - Vantex Resources Ltd. (TSX VENTURE:VAX) Vantex board of directors recently approved changes to the Company's Stock Option Plan. The new Plan will now reserve 2,889,000 common shares of the Company for option purposes, compared to 1,050,000 shares for the previous Plan. The options are available for officers, directors, employees and consultants of the Company and common shares resulting from an option exercise will no longer be subject to a four-month minimum hold period. The new stock options Plan accounts for less than 20 % of the Company's outstanding shares. This modification is subject to the approval of the TSX Venture Exchange and of a majority of disinterested shareholders at the Company's next shareholders meeting.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

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