Trimox Energy Inc.
TSX VENTURE : TRM.A
TSX VENTURE : TRM.B

Trimox Energy Inc.

August 03, 2005 09:00 ET

Trimox Announces Board Changes and Grant of Options

CALGARY, ALBERTA--(CCNMatthews - Aug. 3, 2005) - Trimox Energy Inc. ("Trimox" or the "Company") (TSX VENTURE:TRM.A) (TSX VENTURE:TRM.B) is pleased to announce that Greg G. Turnbull LLB has joined Trimox as an independent Director.

Greg is the Regional Managing Partner of the Calgary office of McCarthy Tetrault LLP. Throughout his 25 year career, he has dealt with all aspects of a public company's creation, growth, change and termination. He has extensive knowledge of corporate governance issues and has acted for many boards of directors and special committees in that regard. Greg is currently a Director of Castle Rock Petroleum Ltd., Crescent Point Resources Ltd. (the operating company of Crescent Point Energy Trust), Hawk Energy Corp., Heritage Oil Corporation, Rally Energy Corp. and Storm Exploration Inc., all publicly traded entities listed on the TSX or TSX Venture Exchange.

In addition, the Company has granted incentive stock options to Mr. Turnbull for a total of 30,000 Class A shares of the Company at a price of $1.96 per share for a period of five years. Under the Company's stock option plan approved at the Annual and Special Meeting of Shareholders held on June 17, 2005, a maximum of 10% of the issued and outstanding Class A shares are reserved for issuance under the plan. After this grant the Company will have 900,000 options outstanding representing approximately 9.0% of the outstanding shares.

The Company also announces that William ("Bill") S. Rice has regretfully resigned from the Board of Directors as required as a result of his recent appointment as Chairman and Chief Executive Officer of the Alberta Securities Commission. The management of Trimox thanks Bill for his contributions to Trimox and its predecessor companies over the past 8 years and wish him well in his new endeavor.

Trimox trades on the TSX Venture Exchange under the symbols "TRM.A" and "TRM.B".

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

Contact Information

  • Trimox Energy Inc.
    Steve Dabner
    President & C.E.O.
    (403) 216-1721
    Email: steved@trimox.ca
    or
    Trimox Energy Inc.
    Thomas Love
    Chairman & C.F.O.
    (403) 216-1722
    Email: toml@trimox.ca