March 27, 2008 14:26 ET

Tiex Inc. Announces Filing of Filing Statement for Qualifying Transaction

CALGARY, ALBERTA--(Marketwire - March 27, 2008) - Tiex Inc. ("Tiex" or the "Corporation") (TSX VENTURE:TIX.P) is pleased to announce that further to its news releases dated February 14, 2008 and February 26, 2008, it has filed its filing statement dated March 26, 2008 (the "Filing Statement") in connection with its proposed qualifying transaction. Tiex entered into a Share Purchase Agreement (the "Agreement") dated March 18, 2008 with Bullion Gold Corp. ("Bullion Gold") and the shareholders of Bullion Gold to acquire all of the issued and outstanding shares of Bullion Gold, a private exploration and development company with various mineral claims in south-central British Columbia (the "Proposed Transaction"). The Agreement was filed on SEDAR on March 27, 2008 and is available under the Corporation's profile at www.sedar.com. Upon completion of the Proposed Transaction, it is anticipated that the Corporation will meet the Tier 2 listing requirements of the TSX Venture Exchange for a Mining Issuer.

Closing of the Proposed Transaction is expected to occur on May 15, 2008. The Filing Statement is available under the Corporation's profile on SEDAR at www.sedar.com.

Completion of the Proposed Transaction is subject to a number of conditions, including but not limited to TSX Venture Exchange acceptance. There can be no assurance that the Proposed Transaction will be completed as proposed or at all.

Investors are cautioned that, except as disclosed in the Filing Statement any information released or received in respect to the Proposed Transaction may not be accurate or complete and should not be relied upon. Trading in the securities of a capital pool company should be considered highly speculative.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Tiex Inc.
    Ray Gertz
    President and Chief Executive Officer
    (403) 279-1982
    (403) 228-3013 (FAX)
    Email: ray@asmindustries.com