ZEOX Provides Shareholder Update
24 November 2009 - 1:05PM
Marketwired Canada
ZEOX Corporation (the "Company" or "ZEOX") (TSX VENTURE:ZOX)(FRANKFURT:ZED), is
pleased to provide the following Shareholder Update.
- The Company wishes to announce that upon the successful completion of
the previously announced Private Placement, merger discussions with
Imagin Minerals will commence with a targeted closing of April 30, 2010.
This will allow time for negotiations, shareholder presentations and a
shareholder vote.
- The Company also would like to state that there will be NO reverse stock
split in connection with the merger.
- The Company is finalizing its first quarter financial statements which
will be filed on time.
- The Company anticipates closing the Second Tranche of its Private
Placement on November 27, 2009.
"Progress continues to be made. We are close to the targeted cost structure that
will allow for profitability with increased revenues. Again, I would like to
thank shareholders for their continued support and look forward to the next
investor call" commented Mr. Spindler.
For a more complete business and financial profile of the Company, management
encourages interested parties to view the Company's documents posted on
www.sedar.com.
On behalf of the Board of Directors
Garold R. Spindler, Chairman and CEO
Zeox Corporation (TSXV:ZOX)
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