GXM

Geodex Minerals Ltd. (TSX VENTURE:GXM)(FRANKFURT:G2W) ("Geodex") has received
the approval of the TSX Venture Exchange for a consolidation of the issued and
outstanding common shares of Geodex on the basis of one post-consolidation
common share for 10 pre-consolidation common shares. The common shares of Geodex
will commence trading on the TSX-V on a consolidated basis at the opening of
markets on Thursday, September 20, 2012, under the current trading symbol of GXM
and new Cusip No. 371937202. Geodex will not change its name in connection with
the consolidation.


Following the consolidation, Geodex will have approximately 11,037,035 common
shares issued and outstanding. Any resulting post-consolidation fractional
common shares comprising greater than or equal to one-half of one common share
will be converted into one whole common share and any fractional common share
comprising less than one-half of one common share will be deemed to have been
tendered by the shareholder to Geodex for cancellation. Geodex's currently
outstanding options and warrants to purchase common shares will be adjusted on
the same basis, with proportionate adjustments being made to exercise prices.


Shareholders of Geodex approved the consolidation at the annual general meeting
held on September 4, 2012. The Board of Directors subsequently determined to
proceed with the share consolidation on the basis of one (1) new common share
without par value for ten (10) existing common shares without par value. 


In June, 2012 Geodex concluded the sale of its 30% interest in the Sisson
tungsten-molybdenum project to its joint venture partner Northcliff Resources
Ltd. In July 2012 the Northcliff shares received by Geodex through the
transaction were distributed to Geodex shareholders. Subsequent to the sale of
its major asset and distribution of the proceeds, management of Geodex believes
that the consolidation will effectively position Geodex to both advance its
current projects and acquire new projects.


About Geodex

Geodex is a mineral resource company focused on New Brunswick, Canada. Geodex
has continued to actively develop its exploration portfolio focused on the
discovery of critical metals in New Brunswick. Its current main focus is the
Dungarvon Project to follow up promising 2011 drill results. Geodex has operated
for a decade in New Brunswick where it has had a number of discovery and
development successes including Sisson and Mount Pleasant West.


ON BEHALF OF THE BOARD OF DIRECTORS

GEODEX MINERALS LTD.

Mark Fields, President & CEO

Forward Looking Statement

Certain information regarding Geodex contained in this press release may
constitute forward-looking statements within the meaning of applicable
securities laws. Forward-looking statements may include estimates, plans,
opinions, forecasts, projections or other statements that are not statements of
fact. Although Geodex believes that expectations reflected in such
forward-looking statements are reasonable, it can give no assurance that such
expectations will prove to have been correct. Geodex cautions that actual
performance will be affected by a number of factors, many of which are beyond
Geodex's control, and that future events and results may vary substantially from
what Geodex currently foresees.

Grafico Azioni Geodex Minerals Ltd. (TSXV:GXM)
Storico
Da Mag 2024 a Giu 2024

Grafico Azioni Geodex Minerals Ltd. (TSXV:GXM)
Storico
Da Giu 2023 a Giu 2024