Triex Minerals Corporation

Triex Minerals Corporation

October 19, 2006 13:32 ET

Triex Minerals Corporation: Black River Asset Management

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Oct. 19, 2006) - Triex Minerals Corporation (TSX VENTURE:TXM) ("Triex") has been informed that Black River Asset Management LLC and related entities, of Minnetonka Minnesota, have acquired 1,489,700 common shares and 125,000 common share purchase warrants of Triex and report beneficially owning an aggregate of 1,614,700 common shares (12.57%) of Triex as at October 12, 2006. Black River has reported that the securities were acquired for, and are being held for, investment purposes only and not for the purpose of exercising control or direction over Triex. Black River has also reported that neither it nor, to its knowledge, any of the clients whose accounts it manages, intends to make a formal take over bid for Triex or propose any form of corporate transaction with Triex which would reasonably be expected to result in Black River or its managed accounts or joint actors acquiring effective control over Triex or its business.


Michael Gunning, President

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release.

Contact Information

  • Triex Minerals Corporation
    Michael Gunning
    (604) 687-6680
    (604) 687-1448 (FAX)