Detector Exploration Ltd.
TSX VENTURE : DEX

August 29, 2011 19:57 ET

Detector Provides Status Update and Announces Postponement of Shareholder Meeting

CALGARY, ALBERTA--(Marketwire - Aug. 29, 2011) - Detector Exploration Ltd. ("Detector" or the "Corporation") (TSX VENTURE:DEX) announces that the special meeting of shareholders scheduled to occur on September 20, 2011 (the "Meeting") has been cancelled pending receipt of additional information pertaining to a proposed transaction that was to comprise the subject matter of the Meeting. It is the expectation of management of the Corporation that it will shortly announce a new scheduled meeting date at which it will present the proposed transaction to the shareholders.

The Corporation's shares listed on the TSX Venture Exchange were halted from trading on August 3rd, 2011, pending the dissemination of a comprehensive news release describing the proposed transaction. Detector will be disseminating more specific details with the issuance of a subsequent news release once such information comes available. Further, it is expected that the Corporation's shares will remain subject to the current trading halt until the comprehensive news release fully describing the proposed transaction has been issued.

The officer responsible for issuance of this press release and who may be contacted for further information is Ronald E. Alexander.

NEITHER 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.

Contact Information

  • Detector Exploration Ltd.
    Ronald E. Alexander
    President
    (403) 264-1880
    (403) 265-9105 (FAX)

    Detector Exploration Ltd.
    Suite 1020, 736 - 6th Avenue S.W.
    Calgary, Alberta, T2P 3T7
    detectorex@shaw.ca