Trimox Energy Inc.

Trimox Energy Inc.

July 04, 2005 19:36 ET

Trimox Announces New Board Appointment

CALGARY, ALBERTA--(CCNMatthews - July 4, 2005) - Trimox Energy Inc. (TSX VENTURE:TRM.A) (TSX VENTURE:TRM.B) ("Trimox" or the "Company") is pleased to announce, subject to regulatory approval, that John R. Stankiewicz, FCA has joined Trimox as an independent Director.

John recently retired after a 35 year career with Ernst & Young LLP. He had been a partner since 1981 and his public accounting experience focused on public and private energy sector companies. John graduated from Queen's University with a B.Comm., is a member of the Institutes of Chartered Accountants of Alberta and Ontario and has been recognized as a Fellow Chartered Accountant of Alberta.

In addition, the Company has granted incentive stock options to certain directors and employees for a total of 55,000 Class A shares of the Company at a price of $1.79 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 870,000 options outstanding representing approximately 8.7% of the outstanding shares.

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
    Trimox Energy Inc.
    Thomas Love
    Chairman & C.F.O.
    (403) 216-1722