The Superior Court Approves the Plan of Arrangement Proposed by Animiki Resources Inc.
Published : February 23, 2011

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LA PRAIRIE, QUEBEC--(Marketwire - Feb. 23, 2011) - The management of Vantex Resources Ltd (the « Corporation » or « Vantex »)(News - Market indicators) is pleased to announce that the Superior Court approves the plan of arrangement between the Corporation, Animiki Resources inc. (« Animiki ») and Animiki Mining Corporation Ltd. (« Mining Corporation »).

According to this plan of arrangement, Vantex will sell its Santa Anna mining property, located in the La Reine township, 15 kilometres from La Sarre, to Animiki, a private corporation. In exchange, Animiki will issue to Vantex 3,750,000 common shares of its authorized share capital at a price of $0.20 per share. Also, Animiki will pay a 1% net smelting return (« NSR ») and the original owners of the property also keep a 2 % NSR.

Animiki will also acquire a mining property from Mining Corporation known as the Swanson property, located in the Fiedmont township, 35 kilometres from Val-d'Or. This property is comprised of 23 adjacent claims. In exchange for this acquisition, Animiki will issue to Mining Corporation 825,000 common shares of its authorized share capital at a price of $0.20 per share.

Animiki, Vantex and Mining Corporation agreed on a plan of arrangement where Vantex will distribute to its own shareholders in the form of a dividend in property, 3,378,750 shares, or 90.1 % of the received shares, while Mining Corporation will redistribute also in the form of a dividend in property to its shareholders, the entire 825,000 shares received.

The judgement of the Superior court, rendered on February 22, 2011, follows the proposition adopted by Vantex shareholders at its Special meeting of shareholders that took place on December 23, 2010. The proposition regarding the plan of arrangement was approved by 70.2 % of the votes cast by shareholders present or represented.

Animiki is a new corporation created under the Canada business corporations act that will apply for the listing of its shares on the TSX Venture Exchange.

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 more information, please contact

Source :
Guy Morissette
CEO
www.vantexressources.com
or
For information :
Wayne Carlon
VP Business development
902-857-1043
waynecarlon@eastlink.ca
or
Allyson Taylor Partners Inc.
Sean F. Budnik
514-397-0110
sean@allysontaylorpartners.com
Data and Statistics for these countries : Canada | All
Gold and Silver Prices for these countries : Canada | All

Vantex Resources

EXPLORATION STAGE
CODE : VAX
ISIN : CA9219454084
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Vantex Res. is a gold and copper exploration company based in Canada.

Vantex Res. holds various exploration projects in Canada.

Its main exploration properties are ST PIERRE, PAYNE, MANIC, PATICA BLOCK, PINACA BLOCK, SANTA ANNA, HEVA, GALLOWAY PROJECT, GUILLET, ANA and ANA - VANTEX in Canada.

Vantex Res. is listed in Canada and in Germany. Its market capitalisation is CA$ 5.1 millions as of today (US$ 4.0 millions, € 3.4 millions).

Its stock quote reached its highest recent level on January 14, 2011 at CA$ 0.64, and its lowest recent point on October 16, 2015 at CA$ 0.01.

Vantex Res. has 16 709 999 shares outstanding.

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Annual reports of Vantex Resources
2008 Annual report
2007 Annual report
Option Grants of Vantex Resources
9/12/2012Reduces Stock Option Plan
6/17/2011Modifies Stock Option Plan and Grants Options
Project news of Vantex Resources
4/3/2013(Galloway Project)s on Current Drilling on the Moriss Zone of the Galloway Pro...
4/8/2011(Galloway Project)Resumes Drilling on Moriss
2/23/2011(Santa Anna)The Superior Court Approves the Plan of Arrangement Proposed...
2/27/2007(Guillet)Makes Important Gold Discovery in Guillet
Corporate news of Vantex Resources
5/8/2013Intersects 137.9 g/t Au Over 1.4 M on Moriss
5/1/2013Announces Shareholder Meeting Vote Results
3/28/2013to Renew Its Shareholder Rights Plan
2/5/2013Announces Flow Through Units Offering for a Maximum of $504,...
1/16/2013Expands Land Position at Moriss Zone Exploration to Target H...
11/7/2012Acquires the Lac Fortune West Property
10/2/2012Rob McEwen Increases Stake in Vantex
9/19/2012Announces Initial Mineral Resource Statement for GP Gold Dep...
7/12/2011Raises $260,000 in Flow-Through Units
6/14/2011Intersects 72 Metres at .6 g/t Au on Galloway-Hendrick Zone
5/25/2011Intersects 32.9 g/t Au Over 4 Metres on Galloway-Moriss Zone
5/12/2011Hires SRK Consulting
4/28/2011Intersects 5.3 Metres at 24.9 g/t Au on Moriss
3/22/2011Cuts 186 Metres at 0.72 g/t Au on Galloway
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