RXE RX Gold And Silver

RX EXPLORATION INC. ("RXE" or the "Company") (TSX VENTURE:RXE)(OTCQX:RXEXF)
announced the vote results of its Annual and Special Meeting of Shareholders,
held earlier today in Toronto. At the meeting 143,513,099 shares or 89.5% of the
total 160,438,980 common shares issued and outstanding were voted. 


A total of 80,100,790 or 55.8% percent of all voted shares were cast for the
election of the following directors nominated by management of the Corporation
as set forth in the amendment to the management information circular dated June
12, 2011: Hugh Agro, Darren Blasutti, Alex Davidson, Louis Dionne, John F.
O'Donnell, Paul Parisotto, John Ryan and Lorie Waisberg. These nominees were
declared elected by the Independent Chairman of the Meeting, Philip C. Moore.


"The past few months have been a trying time for the Company and its
shareholders due to the proxy contest. The contest has distracted investors from
the real story, the under-valued nature of the Company's assets," said Darren
Blasutti who was named President and Chief Executive Officer by the new Board.
"The new Board intends to earn the trust of all shareholders and in the coming
weeks and months, I look forward to meeting with our shareholders and sharing
our vision for the Company."


Mr. Blasutti continued, "The Company's main asset, the Drumlummon gold project
is a high-grade gold/silver asset advancing toward production with attractive
upside potential and the new Board of RXE looks forward to exploring and
developing it expeditiously. I want to thank our employees in Montana for
working steadfastly on this project and I believe that their continued dedicated
efforts will result in tangible value creation for all shareholders."


Added Mr. Blasutti, "I want to take this opportunity to thank Messrs. Ellwood,
and Teodorovici for their hard work in getting RX Exploration to its current
heights and wish them well in their future endeavors."


In addition to the vote for the Board, shareholders voted in favour of the
following three resolutions:




--  The re-appointment of Collins Barrow LLP as auditors of the Corporation
    for the ensuing year and authorizing the directors to fix the
    remuneration of the auditors;
      
--  The resolution ratifying the rolling stock option plan of the
    Corporation, as set out in the management information circular dated May
    9, 2011;
      
--  The resolution approving the adoption of a new general by-law, as set
    out in the management information circular dated May 9, 2011. 



Appointments by the Board 

Following the Meeting of Shareholders RX Exploration's Board of Directors met
and made the following appointments:




--  Lorie Waisberg was appointed as the Chairman of the Board of Directors;
      
--  Darren Blasutti was named President and Chief Executive Officer of RXE;
      
--  Louis Dionne was appointed Chairman of the Health, Safety and
    Environment Committee;
      
--  Alex Davidson was appointed Chairman of the Compensation and Governance
    Committee;
      
--  Paul Parisotto was appointed Chairman of the Audit Committee.



About RX Exploration Inc. 

RX Exploration is currently focused on re-starting production and exploring 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.


Cautionary Statement Regarding Forward Looking Information 

This press release contains "forward-looking information" within the meaning of
applicable securities laws. Forward-looking information includes, but is not
limited to, the Company's expectations, intentions, plans and beliefs with
respect to, among other things, the Drumlummon property. Often, but not always,
forward-looking information can be identified by forward-looking words such as
"anticipate", "believe", "expect", "goal", "plan", "intend", "estimate", "may"
and "will" or similar words suggesting future outcomes, or other expectations,
beliefs, plans, objectives, assumptions, intentions or statements about future
events or performance. Forward-looking information is based on the opinions and
estimates of the Company as of the date such information is provided and is
subject to known and unknown risks, uncertainties and other factors that may
cause the actual results, level of activity, performance or achievements of the
Company to be materially different from those expressed or implied by such
forward-looking information, including the ability to develop and operate the
Drumlummon property, risks associated with the mining industry such as economic
factors (including future commodity prices, currency fluctuations and energy
prices), failure of plant, equipment, processes and transportation services to
operate as anticipated, environmental risks, government regulation, actual
results of current exploration activities, possible variations in ore grade or
recovery rates, permitting timelines, capital expenditures, reclamation
activities, social and political developments and other risks of the mining
industry. Although RXE has attempted to identify important factors that could
cause actual results to differ materially from those contained in
forward-looking information, there may be other factors that cause results not
to be as anticipated, estimated or intended. Readers should be aware that this
forward-looking information is subject to known and unknown risks, uncertainties
and other factors that could cause actual results to differ materially from
those suggested by such information and are cautioned not to place undue
reliance on such information. By its nature, forward-looking information
involves numerous assumptions, inherent risks and uncertainties, both general
and specific, that contribute to the possibility that the predictions,
forecasts, projections and various future events will not occur. The Company
undertakes no obligation to update publicly or otherwise revise any
forward-looking information whether as a result of new information, future
events or other such factors which affect this information, except as required
by law.


On Behalf of the Board

Darren Blasutti, President and CEO

RX Gold And Silver (TSXV:RXE)
Gráfica de Acción Histórica
De Jun 2024 a Jul 2024

RX Gold And Silver (TSXV:RXE)
Gráfica de Acción Histórica
De Jul 2023 a Jul 2024