Paramax Resources Ltd.
TSX VENTURE : PXM.H

Paramax Resources Ltd.

July 11, 2012 17:00 ET

Paramax Resources Ltd. Grants Options

CALGARY, ALBERTA--(Marketwire - July 11, 2012) - Paramax Resources Ltd. (the "Corporation") (TSX VENTURE:PXM.H) announces that the Corporation has approved the grant of 850,000 stock options to directors and officers of the Corporation. The options will be granted at an exercise price of $0.20 per Common Share and, subject to the Option Plan, will expire five years from the date of grant. The Corporation has determined that exemptions from the various requirements of TSX Venture Exchange Policies are available for the granting of the options.

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