RX Exploration Inc. Announces Appointment of Special Committee
24 Mayo 2011 - 11:52AM
Marketwired Canada
RX EXPLORATION INC. ("RXE" or the "Company") (TSX VENTURE:RXE)(OTCQX:RXEXF)
announced today the appointment of a special committee of the board of directors
(the "Special Committee").
The Special Committee has been appointed to supervise the business and to
preserve stakeholder value in the Company in light of the recent actions taken
by a group of dissidents, including the President & CEO of RXE.
The Special Committee consists of the following members from the Company's
current board of directors: John F. O'Donnell, LLB, John A. Ryan, CGA, Edward L.
Ellwood, MBA, and Paul V. Teodorovici. John F. O'Donnell will serve as Chair of
the Special Committee.
The Company has retained Goodmans LLP and Laurel Hill Advisory Group to advise
the Special Committee.
About RX Exploration
RX Exploration Inc. is a gold exploration company whose strategy is to
re-examine gold and silver projects within North America that have previously
reached advanced exploration, underground development or past gold or silver
production. The Company is currently focused on re-starting production from its
Drumlummon Mine, a past producing high-grade, bonanza-type, epithermal
underground gold and silver mine in Montana.
The Company's shares are listed on TSX-V (Symbol: RXE) and on the OTCQX (Symbol:
RXEXF). There are 160,438,980 common shares issued and outstanding.
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