Tirex Resources Retains Javelin Partners as Corporate Development Advisors
May 17 2011 - 5:00PM
Marketwired
Tirex Resources Ltd. (TSX VENTURE: TXX) ("Tirex" or the "Company")
is pleased to announce the commencement of a 12 month engagement
period wherein Javelin Corporate Development Partners Inc.
("Javelin" or "Javelin Partners") will take on the role of
development advisor to the Company. Services to be spearheaded by
Javelin include: corporate strategy, forecasting, news flow
planning, consulting, and other corporate development duties
relating to the advancement of Tirex's Mirdita VMS property in
Albania.
Additionally, Tirex is pleased to announce the grant of
1,865,000 stock options at an exercise price of $0.80 to various
consultants, directors and officers of the company with terms
ranging from 2 to 5 years, subject to regulatory approval.
About Javelin Partners
Javelin Corporate Development Partners is a Toronto based mining
industry consulting firm that assists junior resource companies in
business and corporate development. Clients are selected in
instances where Javelin has identified opportunities to unlock and
expose previously unrealized shareholder value. Launched in October
2010, the Javelin team is headed by Jed Richardson, Principal.
Further details on the company and the Mirdita Project can be
found on the Tirex website at www.TirexResources.com.
ON BEHALF OF TIREX RESOURCES LTD.
Bryan J.R. Slusarchuk, CEO and Director
Forward-Looking Statements. This Tirex News Release may contain
certain "forward-looking" statements and information relating to
Tirex that are based on the beliefs of Tirex management, as well as
assumptions made by and information currently available to Tirex
management. Such statements reflect the current risks,
uncertainties and assumptions related to certain factors including,
without limitations, exploration and development risks, expenditure
and financing requirements, title matters, operating hazards, metal
prices, political and economic factors, competitive factors,
general economic conditions, relationships with vendors and
strategic partners, governmental regulation and supervision,
seasonality, technological change, industry practices, and one-time
events. Should any one or more of these risks or uncertainties
materialize or change, or should any underlying assumptions prove
incorrect, actual results and forward-looking statements may vary
materially from those described herein.
"Neither the 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 news release."
Contacts: Tirex Resources Ltd. Bryan J.R. Slusarchuk CEO and
Director 604-687-7160 or Toll Free: 1-877-687-7160 604-687-7165
(FAX) info@TirexResources.com www.TirexResources.com
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