May 03, 2012 11:02 ET
Vantex Cancels and Grants Stock Options
LA PRAIRIE, QUEBEC--(Marketwire - May 3, 2012) - The management of Vantex Resources Ltd. (TSX VENTURE:VAX)(FRANKFURT:UD7A)(ALPHA:VAX) announces today the cancelation of 1,500,000 additional stock options. This cancelation is added to the previously announced 1,950,000 canceled stock options on April 30, 2012.
The board of directors also awarded 1,550,000 new options for recently appointed officers, directors and technical advisors. These options are priced at $0.10 and are valid for 5 years. They are not subject to shareholder approval. The detail of the grants and cancelations can be viewed on [ www.sedi.ca ].
Vantex now has 7,165,000 outstanding options or 11.4 % of issued shares.
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.