ZEOX Corporation
TSX VENTURE : ZOX

ZEOX Corporation

June 11, 2007 09:23 ET

ZEOX Receives TSX Approval to the Acquisition of Ash Meadows, LLC

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 11, 2007) - Mr. LuVerne E.W. Hogg, President and CEO of ZEOX Corporation (TSX VENTURE:ZOX) is pleased to announce that it has received TSX Venture Exchange approval to the acquisition of Ash Meadows, LLC, a Wisconsin, USA limited liability company (Ash Meadows") from Badger Mining Corporation, a Wisconsin, USA corporation ("Badger").

Pursuant to a series of agreements, the Company will structure a merger whereby the Company's wholly owned subsidiary, White Cliffs Mining, Inc. ("White Cliffs") will be the surviving corporation in a merger with BMC Service Corp. ("BMC"). Upon completion of the merger all of the 2,500 issued and outstanding shares of BMC owned by Badger shall be exchanged for 5,000,000 shares of the capital stock of the Company. ZEOX will own all issued and outstanding shares of White Cliffs which shall in turn own all of Ash Meadows.

Prior to closing of the transaction BMC has agreed to sell to White Cliffs an approximate 10.936 acre parcel at a price of US$15,000 per acre, on a land contract providing for interest on the unpaid principle balance at the rate of 8% per annum and for equal monthly payments of US$1,800 payable until the principle balance and all accrued interest is paid in full.

The 5,000,000 shares issued to Badger will have a four-month hold period from closing.

The parties have agreed to close the transaction as soon as practicable, at which time Timothy Wuest will be appointed a director of the Company.

For a more complete business and financial profile of the Company, management encourages interested parties to view the Company's documents posted on sedar.com.

On behalf of the Board of Directors

LuVerne E.W. Hogg, President & Chief Executive Officer

Legal Notice Regarding Forward Looking-Statements: This news release contains "forward-looking statements" within the meaning of applicable Canadian securities legislation. Forward-looking statements are indicated expectations or intentions. Forward-looking statements in this news release include that ZEOX will acquire Ash Meadows including land, resources and plant. . Factors that could cause actual results to be materially different include that our due diligence does not show assets as initially thought, we may not be able to agree on final documents, or other conditions may not be fulfilled. Investors are cautioned against placing undue reliance on forward-looking statements.

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

Contact Information

  • ZEOX Corporation
    LuVerne E.W. Hogg
    (250) 767-6788
    (250) 767-6134 (FAX)
    Email: vernehogg@shaw.ca