Vantex Resources Ltd.

Vantex Resources Ltd.

July 08, 2010 12:42 ET

Vantex Sells its Urban Barry Gold Property to Amseco

LA PRAIRIE, QUEBEC--(Marketwire - July 8, 2010) - The management of Vantex Resources Ltd (TSX VENTURE:VAX) has signed an agreement with Amseco Exploration Ltd. (TSX VENTURE:AEL) to sell its 100-per-cent interest in 18 cells located at 100 kilometres east of Lebel-sur-Quevillon, in the Abitibi area.

The transaction calls for the issuance of 175,000 shares of Amseco and the payment upon production of a 1-per-cent net smelter returns royalty, half of which can be bought back in exchange for a payment of $150,000.

The TSX Venture Exchange has neither approved nor disapproved the content of this press release.

Contact Information