SGX Resources Inc.

SGX Resources Inc.

June 18, 2013 20:00 ET

SGX Resources Announces Agreements with Investor Relations Consultants

WINNIPEG, MANITOBA--(Marketwired - June 18, 2013) - Dale Ginn, CEO of SGX Resources Inc. ("SGX") (TSX VENTURE:SXR), announced today that SGX has entered into investor relations agreements with each of Octobaan IR Capital Inc. ("Octobaan") and Escrow Holdings Inc. ("EHI") to provide investor relations and communications services to SGX. The agreement with Octobaan has a term of four months and the agreement with EHI has a term of three months. Pursuant to the agreement with Octobaan, SGX will pay Octobaan $8,000 per month and issue Octobaan 400,000 incentive stock options within 60 days of the annual and special meeting of its shareholders (the "Meeting"), which is scheduled to take place on June 25, 2013. Pursuant to the agreement with EHI, SGX will pay EHI $2,000 per month and issue EHI 200,000 incentive stock options within 60 days of the Meeting.

The issuance of the options to Octobaan and EHI is subject to the re-approval of the stock option plan by the shareholders of SGX at the Meeting. The options are subject to the provisions of the stock option plan of SGX and the policies of the TSX Venture Exchange. The options issued to Octobaan and EHI will be exercisable for a period of two years from the date of issuance at a price per share equal to the market price of SGX's common shares on the date of issuance of the options. The options shall vest as to 1/4 of the options granted every three months during the first year of the term of the options. Both Octobaan and EHI are arm's length parties to SGX and neither Octobaan nor EHI has any direct or indirect material interest in SGX other than the options described above.

The investor relations agreements between SGX and each of Octobaan and EHI are subject to the approval of the TSX Venture Exchange.

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 the contents of this News Release.

The information in this release may contain forward-looking information under applicable securities laws. This forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those implied in the forward-looking information.

Contact Information

  • SGX Resources Inc.
    Dale Ginn

    SGX Resources Inc.
    Investor Relations
    Toll free at 1-888-749-4621