AuEx Ventures Inc. Adds Key Corporate Positions
NR05-3
Tue Jul 19, 2005
AuEx Ventures Inc. (AuEx) is pleased to announce the appointments of Doris Meyer as Chief Financial Officer and Corporate Secretary and Nexus Consultants Inc. to lead its investor relations initiatives.
DORIS MEYER
Doris Meyer is well experienced in the mining industry and is a Member of the Associations of the Certified General Accountants of British Columbia and Canada. She brings her experience as Vice President, Finance of Queenstake Resources Ltd., a Canadian gold mining company, from 1985 to 2003 and it's Corporate Secretary until 2004 to the Company. While at Queenstake she participated in or led negotiations of joint venture and purchase agreements, equity financings, debt financings and capital purchases. In 1996 Mrs. Meyer formed Golden Oak Corporate Services Ltd. and she acts as Chief Financial Officer and/or Corporate Secretary of several publicly traded mining companies and her company provides those clients with administrative, accounting and compliance services.
NEXUS CONSULTANTS INC.
Deborah Thiel, founder, owner and President of Nexus Consultants Inc. ("Nexus") is experienced in the establishment and marketing of mineral exploration companies. Ms. Thiel brings eleven years of industry and public company experience to AuEx. Through Nexus, Ms. Thiel has provided strategic planning, corporate development, finance and marketing services to numerous private and public companies across a broad spectrum of industries most recently with Cornerstone Capital Resources and Altius Minerals Corporation.
A July 19, 2005 consulting agreement between Surrey, B.C. based Nexus and AuEx provides that Ms. Thiel has been designated as AuEx's representative. Both Nexus and Ms. Thiel are arms' length to AuEx. On June 28, 2005 Nexus purchased 200,000 common shares of AuEx and Nexus has been granted 100,000 stock options pursuant to the consulting agreement, subject to regulatory approval. Nexus will provide various marketing, investor relations and strategic planning services to AuEx for a period of 12 months at a monthly fee of $5,000 in arrears, plus applicable taxes, for an anticipated total cost of $60,000 during the one year term of the agreement) to be paid from initial public offering proceeds.
STOCK OPTIONS
Pursuant to the Company's shareholder approved Stock Option Plan, the Directors have on July 18, 2005 granted Incentive Stock Options on a total of 250,000 shares of the Company's capital stock, exercisable for up to five years at a price of US $0.50 per share which price is the last closing price of the Company's shares prior to the date of grant. The options granted will be subject to any applicable regulatory hold periods.
AuEx is a newly listed, Nevada focused, precious metals exploration company that began trading on Tier 2 of the TSX Venture Exchange on June 30, 2005. AuEx controls over 40,000 acres of unpatented claims and fee land, and has a current portfolio of 11 exploration projects, two of which are under joint venture agreements. The company intends to continue to leverage the extensive in-house Nevada exploration experience and high-end technical skills of its founders to execute its joint venture business model. AuEx will continue to grow its property portfolio and offer projects it has advanced to select partners under joint venture arrangements.
AuEx Ventures, Inc.
By: Ronald L. Parratt, President and CEO
Contact Ronald L. Parratt
Telephone: 775-337-1545
E-mail: rparratt@auex.com
auexventures.com |
