SGX Resources Inc.
TSX VENTURE : SXR

SGX Resources Inc.

September 10, 2014 17:58 ET

SGX Resources Inc. Announces Amendment to Option Agreement

WINNIPEG, MANITOBA--(Marketwired - Sept. 10, 2014) -

THIS PRESS RELEASE IS NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES

Dale Ginn, President and CEO of SGX Resources Inc. ("SGX") (TSX VENTURE:SXR), is pleased to announce that SGX has entered into an agreement (the "Amending Agreement") dated September 10, 2014 with each of Shoreacres Explorations Limited, 2090720 Ontario Inc. and 2229667 Ontario Inc. (collectively, the "Optionors") which amends the option agreement (the "Option Agreement") between SGX and the Optionors dated August 21, 2012. Pursuant to the Amending Agreement, the Optionors have agreed to amend the Option Agreement to accept 500,000 common shares of SGX in lieu of a cash payment of $25,000 that was due following the second anniversary of the Option Agreement. All other terms of the Option Agreement remain the same.

The Amending Agreement is subject to the final approval of the TSX Venture Exchange.

A copy of this press release will be made available on the Company's website and will be filed with SEDAR.

NOTE: 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.

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.

Contact Information

  • SGX Resources Inc.
    Dale Ginn
    CEO
    (204) 794-5818

    SGX Resources Inc.
    Investor Relations
    1-888-749-4621
    www.sgxresources.com