Vantex Resources Ltd.

Vantex Resources Ltd.

February 19, 2016 09:00 ET

Vantex Acquires 10 Claims in the Clericy Township

LA PRAIRIE, QUEBEC--(Marketwired - Feb. 19, 2016) - The management of Vantex Resources Ltd. ("Vantex") (TSX VENTURE:VAX)(FRANKFURT:UD7A) announces the purchase of a 100 % interest in 10 mining claims located in the Clericy Township. The seller of the property will receive 1,500,000 common shares of Vantex and will retain a 1 % NSR on the claims. These claims are bordering to the east, the Clericy property held by Vantex. This transaction is subject to the approval of the TSX Venture.

The property is located North of the important Destor-Porcupine Fault and within the Hébécourt and Bousquet geological formations. It hosts volcanic malfic and intermediary rocks like basalt, andesite and volcaniclastic rocks.

The management of Vantex also announces the appointment of Simran Gill as director of the board. Mr. Gill has stepped down as CFO of Vantex and will be replaced by Konstantin Lichtenwald.

Mr. Lichtenwald specializes in providing corporate finance, valuation, taxation, financial reporting, consulting and other accounting services to both small businesses and as public commodity resource companies. Mr. Lichtenwald also assists in many aspects of client administration, financing and other activities. Mr. Lichtenwald also worked at Ernst & Young GmbH, Germany, in the assurance department. Mr. Lichtenwald earned his bachelor of business administration degree from Pforzheim University, Germany, and holds the professional designation of chartered professional accountant (CPA, CGA), where he is a member of Chartered Professional Accountants of British Columbia and Canada. Mr. Lichtenwald has had extensive experience as a controller and CFO of numerous publicly traded and private corporations in several industries.

Neither 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 this release.

Contact Information

  • Vantex Resources Ltd.
    Gilles Laverdiere