Press release from CNW Group
SGX Resources Inc. Announces Acquisition of Mineral Claims
Wednesday, December 21, 2011
/THIS PRESS RELEASE IS NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES./
WINNIPEG, Dec. 21, 2011 /CNW/ - Dale Ginn, CEO of SGX Resources Inc. ("SGX") (TSX-V: SXR), is pleased to announce that SGX has completed the acquisition of five mineral claims (the "Salo Mineral Claims") located in the Porcupine Mining Division, District of Cochrane, Ontario from Randall Salo ("Salo"). The consideration paid by SGX to Salo for the Salo Mineral Claims is 100,000 common shares of SGX and $10,000 in cash. The Salo Mineral Claims are also subject to a 2% net smelter royalty in favor of Salo.
Mr. Ginn is also pleased to announce that SGX has completed the acquisition of four mineral claims (the "Bremner Mineral Claims") located in Sothman township in the Porcupine Mining Division, District of Cochrane, Ontario from Daryl Bremner ("Bremner"). The consideration paid by SGX to Bremner for the Bremner Mineral Claims is 120,000 common shares of SGX and $2,000 in cash. The Bremner Mineral Claims are also subject to a 2% net smelter royalty in favor of Bremner.
Following a reevaluation of prior work, SGX intends to actively explore the Salo Mineral Claims and the Bremner Mineral Claims.
The purchase of the Salo Mineral Claims and the Bremner Mineral Claims by SGX is subject to the final approval of the TSX Venture Exchange.
Neither the TSX Venture Exchange nor its Regulation Service
