Carmax Explorations Ltd.
TSX VENTURE : CMX

Carmax Explorations Ltd.

April 20, 2009 16:34 ET

Carmax Explorations Ltd.: Proposed Rollback Abandoned

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 20, 2009) - On April 16, 2009 Carmax Explorations Ltd. (the "Company") (TSX VENTURE:CMX) held a special general meeting of shareholders for the purpose of considering a resolution which would authorize a rollback of the Company's issued and outstanding share capital on a 10 for 1 basis. The special resolution failed to get the requisite votes of shareholders in order for the resolution to pass.

As a result, the Company's share capital will not be consolidated as proposed.

A second special resolution which would have authorized a change in corporate name was abandoned at the meeting.

CHARLES S. UNDERHILL, DIRECTOR & CFO

The Company relies upon litigation protection for "forward-looking" statements.

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

Contact Information

  • Carmax Explorations Ltd.
    Charles S. Underhill
    Director & CFO
    (604) 408-2212 or Toll Free: (888) 408-2212
    (604) 689-4143 (FAX)
    www.carmaxex.com