Acrex Ventures Ltd

Published : December 31st, 2008

grants options, files SEC Deregistration and terminates Honeymoon Property option

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Suite 1400 - 570 Granville Street, Vancouver, B.C. V6C 3P1
Tel: (604) 618-1758 Fax: (604) 687-4212

News Release

 
Wednesday, December 31, 2008 Symbol "AKV": TSX Venture Exchange
SEC Form 20F Registration CIK: 1194506
Symbol "AXVEF": OTC BB
 
 
Acrex grants options, files SEC Deregistration and terminates Honeymoon Property option


Acrex Ventures Ltd. ("Acrex") wishes to disclose the following developments.

  1. Options. Acrex has granted share purchase options on 565,000 shares exercisable at $0.10 per share. These new options are essentially to replace 565,000 options which were granted in 2003 and expired in November, 2008.

  2. SEC Deregistration. Acrex has filed a Form 15 with the U.S. Securities and Exchange Commission to deregister itself. Acrex, a few years ago, having received strong indications of U.S. investor interest, registered with the SEC as a foreign corporation and has, in the intervening years, filed Form 20-F Annual Reports with the SEC. To comply with the SEC annual requirements means incurring considerable expense. There has not been sufficient U.S. investor interest for some months to justify these ongoing expenses and, with the continuing downturn in the market, it is not expected that there will be significant U.S. investor interest in the foreseeable future. As Acrex currently has below the number of U.S. registered shareholders required to maintain its listing, and for reasons of fiscal prudence, it has concluded that it will be in its best interests and in the best interests of its shareholders to terminate its U.S. SEC registration.

    Acrex has been advised that, as a result of filing the Form 15, quotation of its shares on the U.S. Over-the-Counter Bulletin Board has been terminated and the shares are now trading on the U.S. Pink Sheets under the symbol "AXVEF.PK".

  3. Termination of Property Option. Acrex has terminated the Option Agreement dated February 4, 2008 pursuant to which it acquired an option to earn up to 100% ownership of the mineral claims known as the Honeymoon Property -- located approximately 80 kilometers northeast of Kamloops, BC. The option was described in detail in Acrex's Release dated February 28, 2008.
Acrex presently has on hand approximately $975,000 unallocated working capital.


FOR FURTHER INFORMATION PLEASE CONTACT:

Investor Relations - Tel: 604-618-1758 e-mail: info@acrexventures.com

Fax: 604-687-4212 website: www.acrexventures.com

ACREX VENTURES LTD.

Per:

T.J. Malcolm Powell,

President

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this Release.


 
 
FOR FURTHER INFORMATION ON ACREX VENTURES PLEASE CONTACT:
 
Investor Relations - Tel: (604) 618-1758
Fax: (604) 687-4212
e-mail: info@acrexventures.com
website: www.acrexventures.com
 
 
ACREX VENTURES LTD.

Per:
   T.J. Malcolm Powell,
   President

 
 
<

Acrex Ventures Ltd

DEVELOPMENT STAGE
CODE : AKV.V
ISIN : CA0049371085
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Acrex Ventures is a silver and gold exploration company based in Canada.

Its main asset in development is SPANISH MOUNTAIN in Canada and its main exploration property is GRIZZLY-KELLAR LAKE in Canada.

Acrex Ventures is listed in Canada and in United States of America. Its market capitalisation is CA$ 407 600 as of today (US$ 382 492, € 280 252).

Its stock quote reached its highest recent level on December 29, 2006 at CA$ 0.46, and its lowest recent point on July 09, 2014 at CA$ 0.01.

Acrex Ventures has 40 760 000 shares outstanding.

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Annual reports of Acrex Ventures Ltd
2007 Annual report
2006 Annual report
Project news of Acrex Ventures Ltd
12/13/2011(Spanish Mountain)Continues to Define a Gold-Bearing Corridor on its Spanish M...
9/13/2011Commences Exploration on its Rainbow Canyon Gold Property, N...
8/4/2011Plans Drill Program for its Rainbow Canyon Property, Nevada
5/3/2011Provides Update on its Rainbow Canyon Gold Property in Nevad...
3/31/2011Purchases Nevada Gold Property
8/23/2010(Spanish Mountain)Extends Priority Gold Target On Its Spanish Mountain Propert...
8/10/2010(Spanish Mountain)Discovers Priority Gold Target On Its Spanish Mountain Prope...
7/6/2010(Spanish Mountain)Completion of Soil Sampling and Prospecting Programs
1/8/2009Intersects Gold in Diamond Drilling of Don's Lake Gold Prope...
12/31/2008(Honeymoon Property)grants options, files SEC Deregistration and terminates Hone...
11/5/2008(Don's Lake)Completes Diamond Drilling Program on Don's Lake Gold Proper...
9/4/2008Undertakes Diamond Drilling on its Don's Lake Gold-Uranium P...
7/30/2008(Timmins - Whitney Township)Moneta JV Confirms and Expands "55 Zone" Gold Mineralization...
Corporate news of Acrex Ventures Ltd
12/16/2013Holiday Wishes from all of us at Acrex Ventures
8/22/2012(Spanish Mountain)Closes Sales of Spanish Mountain Mineral Claims
7/31/2012(Spanish Mountain)Agrees to Sell its Spanish Mountain Mineral Claims
5/8/2012MD&A and Financials
12/19/2011Happy Holiday Wishes from Acrex Ventures Ltd.
6/6/2011' Rainbow Canyon Property Purchase Accepted By Stock Exchang...
6/1/2010Commencement of the 2010 Exploration Program on its Cariboo ...
5/18/2010Options Grizzly-Kellar Property In The Chibougamau Region Of...
4/7/2010To be featured on CEO Clips Airing on the Business News Netw...
3/16/2010CEO Clips is featuring Acrex Ventures on The Biography Chann...
12/9/2009Sells its 50% Michaud Joint Venture Interest for $1,000,000
6/2/2009Announces the Launch of Its New Corporate Website
3/3/2009to be Featured on CEO Clips on The Biography Channel
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