News Release May 6, 2009
Trading Symbol: GXM Frankfurt : G2W Pink Sheets: GXMLF
Geodex Announces Stock Options Granted
Geodex Minerals Ltd's board of directors has granted 600,000 incentive stock options to officers and employees, exercisable for up to five years at a price of 0.17 cents per share. The options were granted pursuant to the Geodex Minerals stock option plan and are subject to any applicable regulatory hold periods.
About Geodex Minerals
Geodex Minerals Ltd.is a Canadian-based resource company with a focus on the exploration and development of important properties in New Brunswick. The company's flagship property is the Sisson Brook tungsten and molybdenum deposit north of Fredericton which is currently moving to a Pre-Feasibility development stage. The deposit is large by world standards and will benefit from an open pit mining plan, convenient infrastructure and the security of an excellent location in New Brunswick. The company is also exploring numerous properties in the Sisson Brook vicinity and south of Fredericton around the former Mount Pleasant mine. In the latter area, the company has many prospects at various stages of development with tin, indium and zinc, in addition to tungsten and molybdenum. Jack Marr, M.Sc., P.Geo, is the in-house QP for these projects. Forward Looking Statement Certain information regarding the Company contained in this press release may constitute forward looking statements within the meaning of applicable securities laws. Forward-looking statements may include estimates, plans, opinions, forecasts, projections or other statements that are not statements of fact. Although the Company believes that expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. The Company cautions that actual performance will be affected by a number of factors, many of which are beyond the Company's control, and that future events and results may vary substantially from what the Company currently foresees.
ON BEHALF OF THE BOARD OF DIRECTORS GEODEX MINERALS LTD. 'Mark Fields" Mark Fields, President For further information contact: Christopher R. Anderson, V.P Business Development (604) 689-7771, Toll free 1-888-999-3500, Email: info@geodexminerals.com Visit our website at www.geodexminerals.org The TSX Venture exchange has not reviewed the contents of this news release and accepts no responsibility for the adequacy or the accuracy thereof.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the accuracy or adequacy of this release. Suite 450 - 800 West Pender Street, Vancouver, B.C., Canada, V6C-2V6 Tel: 604-689-7771, FX: 604-689-5528 Toll Free: 888-999-3500 E-Mail: Info@Geodexminerals.com Website: www.GeodexMinerals.com
Anderson Financial Marketing | 450-800 West Pender Street | Vancouver | BC | V6C 2V6 | Canada
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Geodex is a gold and copper exploration company based in Canada.
Geodex holds various exploration projects in Canada.
Its main exploration properties are HARRY BROOK, MOUNT PLEASANT, ARMSTRONG BROOK, TURNBULL MOUNTAIN, VICTORIA LAKE PROPERTY, SISSON BROOK, TAMARACK LAKE, CRANBERRY LAKE and NEREPIS-CUNNINGHAM BROOK in Canada.
Its stock quote reached its highest recent level on January 18, 2008 at CA$ 99.00, and its lowest recent point on January 01, 2016 at CA$ 0.01.
Geodex has 2 779 827 shares outstanding.