Solex Resources Corp.
shareholders approve Homeland Uranium asset acquisition
VANCOUVER, April 28 -
Solex Resources Corp. (TSX-V: SOX) ("Solex" or the
"Company") is pleased to announce that, at a Special Meeting of
Shareholders held yesterday, the shareholders of the Company approved the
previously announced transaction with Homeland Uranium Inc. ("Homeland"),
whereby the Company will acquire from Homeland $4,000,000 in cash, 7,619,047 shares of
Macusani Yellowcake Inc., and the right to compel Homeland to exercise its
warrants to purchase up to 4,571,428 Macusani Yellowcake shares and to transfer
the resulting warrant shares at the warrant exercise price to the Company, in
exchange for 81,654,442 common shares in the capital of the Company. In
addition, the shareholders of Solex approved the proposed name change of the
Company and the proposed 3:1 share consolidation, following completion of the
transaction.
Subject
to final TSX Venture Exchange approval, closing of the transaction is expected
to take place the week of May
3, 2010.
About Solex Resources
Corp.
Solex
Resources Corp. is the dominant landholder in southern Peru's Macusani Uranium
District with concessions covering over 904 km(2) where in excess of 55
uraniferous anomalies have been identified on Solex properties. Solex is
exploring three properties in the Macusani region (Macusani East, Macusani West
and Macusani South), in addition to the Picotani uranium project. NI 43-101
reports were filed during 2008 on the Princesa silver, lead and zinc property
and on the Pilunani lead and zinc project.
This news release may
contain forward-looking statements that are based on Solex's expectations,
estimates and projections regarding its business and the economic environment
in which it operates. These statements are not guarantees of future performance
and involve risks and uncertainties that are difficult to control or predict.
Therefore, actual outcomes and results may differ materially from those
expressed in these forward-looking statements and readers should not place
undue reliance on such statements. Statements speak only as of the date on which
they are made, and the Company undertakes no obligation to update them publicly
to reflect new information or the occurrence of future events or circumstances,
unless otherwise required to do so by law.
Neither
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 release.
For
further information: Jonathan Challis, President and Director, (604) 646-7210, info@solexresources.com,
www.solexresources.com