Amerix Precious Metals Corporation

Amerix Precious Metals Corporation

February 07, 2014 18:00 ET

Amerix Provides Corporate Update and Announces Director Resignation

TORONTO, ONTARIO--(Marketwired - Feb. 7, 2014) - Amerix Precious Metals Corporation (TSX VENTURE:APM)(FRANKFURT:NJGN) ('Amerix' or 'the Company') is pleased to provide the following corporate update resulting from the Annual and Special Meeting of Shareholders held on January 31, 2014.

The six nominees as proposed by the Company were elected to the Board of Directors. The elected directors are Mr. Steven Brunelle, Mr. Luciano Borges, Mr. Robert Crombie, Mr. Daniel Noone, Mr. Jeffrey J. Reader and Mr. William R. Whitehead.

MNP LLP, Chartered Accountants, were re-appointed as auditors of the Company for the ensuing year.

The shareholders approved a resolution re-approving the 10% rolling stock option plan of the Company in accordance with the policies of the TSX Venture Exchange ("TSXV").

The shareholders approved a special resolution authorizing an amendment to the articles of the Company to consolidate the Company's issued and outstanding common share capital at a ratio of up to twenty (20) pre-consolidation shares to one (1) post-consolidation share. The Board of Directors has the authority to implement the consolidation at the ratio of up to 20 to 1 at any time and will be permitted, without further shareholder approval, to select a lower consolidation ratio if they deem it appropriate. The proposed consolidation is subject to approval of the TSXV.

The shareholders approved a special resolution authorizing the Board to amend the articles of the Company to change the name of the Company to any name it deems appropriate in accordance with applicable corporate law and the policies of the TSXV.

The Company also announces that Mr. Daniel Noone has decided to resign from the Board, effective immediately. Mr. Noone has been a director of the Company since April 2009. The Company wishes to thank Mr. Noone for his valuable insight and advice over that time.

About Amerix Precious Metals Corporation

Amerix Precious Metals Corporation is an Ontario company, managed by an experienced team, exploring for precious metals in Brazil. Amerix continues to seek exploration properties of merit via staking, acquisition or merger. The Company's shares trade on the TSX Venture Exchange under the symbol "APM" and at the Frankfurt Stock Exchange under the symbol "NJGN".

Neither the 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.

Disclosure Regarding Forward-Looking Statements: This press release contains certain "Forward-Looking Statements" within the meaning of applicable securities legislation. All statements, other than statements of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time to time with the TSX Venture Exchange and, among others, the Ontario Securities Commission as well as under the heading "Risk Factors" in the Management Discussion and Analysis.

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