ZEOX Corporation

ZEOX Corporation

July 11, 2007 11:13 ET

ZEOX Closes Acquisition of Ash Meadows, LLC

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 11, 2007) - Mr. LuVerne E.W. Hogg, President and CEO of ZEOX Corporation (TSX VENTURE:ZOX) is pleased to announce that it has received TSX Venture Exchange approval and has closed the acquisition of Ash Meadows, LLC, a Wisconsin, USA limited liability company (Ash Meadows") from Badger Mining Corporation, a Wisconsin, USA corporation ("Badger").

Pursuant to a series of agreements, the Company structured a merger whereby the Company's wholly owned subsidiary, White Cliffs Mining, Inc. ("White Cliffs") is the surviving corporation in a merger with BMC Service Corp. ("BMC"). BMC owns all the shares of Ash Meadows, which holds the assets we targeted to acquire. Upon completion of the merger all of the issued and outstanding shares of BMC owned by Badger were exchanged for 5,000,000 shares of the capital stock of the Company. Ash Meadows is now an indirect subsidiary of Zeox.

Prior to closing of the transaction BMC sold to White Cliffs an approximate 10.936 acre parcel at a price of US$15,000 per acre, on a land contract providing for interest on the unpaid principle balance at the rate of 8% per annum and for equal monthly payments of US$1,800 payable until the principal balance and all accrued interest is paid in full.

The 5,000,000 shares issued to Badger have a four month hold period expiring on October 30, 2007.

For a more complete business and financial profile of the Company, management encourages interested parties to view the Company's documents posted on sedar.com.

On behalf of the Board of Directors

LuVerne E.W. Hogg, President & Chief Executive Officer

Legal Notice Regarding Forward Looking-Statements: This news release contains "forward-looking statements" within the meaning of applicable Canadian securities legislation. Forward-looking statements are indicated expectations or intentions. Forward-looking statements in this news release include that ZEOX will acquire land, resources and plant from Badger. Factors that could cause actual results to be materially different include that we may not be able to keep up payments. Investors are cautioned against placing undue reliance on forward-looking statements.

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

Contact Information

  • ZEOX Corporation
    LuVerne E.W. Hogg
    (250) 767-6788
    (250) 767-6134 (FAX)
    Email: vernehogg@shaw.ca