Kinetex Resources Corporation

Kinetex Resources Corporation

August 04, 2009 09:30 ET

Kinetex Announces Warrant Extension and Repricing

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 4, 2009) - Kinetex Resources Corp. (TSX VENTURE:KTX) (the "Company" or "Kinetex") announces that subject to TSX Venture Exchange (the "Exchange") approval, it has amended the terms of 4,000,000 common share purchase warrants (the "Warrants") issued as part of a private placement approved by the Exchange in August 2007. The exercise price of the Warrants has been changed from $1.75 to $1.00, and the expiry date has been extended from August 13, 2009 to August 13, 2010, as permitted under TSX Venture Exchange ("TSXV") Policy 4.1.

About Kinetex

Kinetex is an oil, gas and mineral exploration services company with offices in Vancouver, BC, Calgary, Alberta and Bogota, Colombia. Through its subsidiaries, Kinetex provides data-rich high resolution subsurface images - essentially a brand-new exploration tool - to the energy, metals and minerals exploration and development industries seeking to go beyond the limitations of traditional data acquisition methods.

The Company seeks safe harbour.

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

  • Kinetex Resources Corporation
    Gil Schneider
    Chief Executive Officer
    604-484-5761 or Toll-Free: 1-888-484-5761
    604-484-5760 (FAX)