Stockwatch

Vantex Resources Ltd (4)
Symbol	VAX
Shares Issued	4,809,231
Close 2023-03-08	C$ 0.15
Market Cap	C$ 721,385
Recent Sedar Documents

Vantex updates contact info, holds AGM to remove halt

2023-07-10 16:45 ET - News Release

Subject: 2023-07-10 Vantex - NR - Clarifying News Release PDF Document File: Attachment 2023-07-10 Vantex - NR - Clarifying News Release.pdf VANTEX RESOURCES LTD. Suite 400-837 West Hastings Street Vancouver, BC V6C 3N6 VANTEX ANNOUNCES CORPORATE UPDATE Vancouver, BC, July 10, 2023 Vantex Resources Ltd. (the "Company" or "Vantex") (TSX-V: VAX) announces a corporate update regarding the Company's halted status. The trading of Vantex Resources Ltd. shares was originally halted on March 22, 2023, pending the Company's response to inquiries about its deficiency in holding an annual general meeting and the Company's outdated contact information. Following a meeting of shareholders held on May 23, 2023, the exchange made attempts to contact the Company to address their questions. Unfortunately, due to outdated information on the Company's SEDAR profile, the exchange was unable to contact the Company through normal procedures but has since established contact with the Company within the past couple of months. Since the original halt being four and a half months ago, Vantex has taken immediate action to rectify this situation by updating its information, responding to any further questions from the exchange, holding the annual general meeting of shareholders, and submitting various outstanding filings with the exchange to remove any deficiencies. The Company has diligently worked towards resolving the issues in order to remove the halt on trading and restore normal operations. Vantex is committed to transparency and compliance with regulatory requirements. The Company acknowledges the importance of maintaining accurate and up-to-date information and will continue to prioritize prompt communication with regulatory bodies and shareholders. VANTEX RESOURCES LTD. Per: Anthony Jackson, Director info@vantexresources.ca 604 639 2537 Forward Looking Information This news release includes certain statements that constitute "forward-looking information" within the meaning of applicable securities law, including without limitation, statements that address the Bousquet Property, comments regarding the timing and content of upcoming work programs, geological interpretations, costs and timing of future exploration and development, requirements for additional capital, other statements relating to the financial and business prospects of the Company. Forward-looking statements address future events and conditions and are necessarily based upon a number of estimates and assumptions. These statements relate to analyses and other information that are based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as "expects" or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "estimates" or "intends", or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved), and variations of such words, and similar expressions are not statements of historical fact and may be forward-looking statements. Forward-looking statement are necessarily based upon a number of factors that, if untrue, could cause the actual results, performances or achievements of the Company to be materially different from future results, performances or achievements express or implied by such statements. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, including the price of zinc and other metals, anticipated costs and the ability to achieve goals. While such estimates and assumptions are considered reasonable by the management of the Company, they are inherently subject to significant business, economic, competitive and regulatory uncertainties and risks. Forward-looking statements are subject to a variety of risks and uncertainties, which could cause actual events, level of activity, performance or results to differ materially from those reflected in the forward-looking statements, including, without limitation: (i) risks related to zinc, base metal and other commodity price fluctuations; (ii) risks and uncertainties relating to the interpretation of exploration results; (iii) risks related to the inherent uncertainty of exploration and cost estimates and the potential for unexpected costs and expenses; (iv) that resource exploration and development is a speculative business; (v) that the Company may lose or abandon its property interests or may fail to receive necessary licences and permits; (vi) that environmental laws and regulations may become more onerous; (vii) that the Company may not be able to raise additional funds when necessary; (viii) the possibility that future exploration, development or mining results will not be consistent with the Company's expectations; (ix) exploration and development risks, including risks related to accidents, equipment breakdowns, labour disputes or other unanticipated difficulties with or interruptions in exploration and development; (x) competition; (xi) the potential for delays in exploration or development activities or the completion of geologic reports or studies; (xii) the uncertainty of profitability based upon the Company's history of losses; (xiii) risks related to environmental regulation and liability; (xiv) risks associated with failure to maintain community acceptance, agreements and permissions (generally referred to as "social licence"); (xv) risks relating to obtaining and maintaining all necessary government permits, approvals and authorizations relating to the continued exploration and development of the Company's projects; (xvi) risks related to the outcome of legal actions; (xvii) political and regulatory risks associated with mining and exploration; (xix) risks related to current global financial conditions; and (xx) other risks and uncertainties related to the Company's prospects, properties and business strategy. These risks, as well as others, could cause actual results and events to vary significantly. There can be no assurance that planned exploration will be completed as proposed or at all, or that economic resources will be discovered or developed at the Sully Property. Accordingly, actual results may differ materially from those currently anticipated in such statements. Factors that could cause actual results to differ materially from those in forward looking statements include, but are not limited to, continued availability of capital and financing and general economic, market or business conditions, the loss of key directors, employees, advisors or consultants, equipment failures, failure of counterparties to perform their contractual obligations and fees charged by service providers. Investors are cautioned that forward-looking statements are not guarantees of future performance or events and, accordingly are cautioned not to put undue reliance on forward-looking statements due to the inherent uncertainty of such statements. The forward-looking statements included in this news release are made as of the date hereof and the Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation. Neither the TSX-V Exchange nor its regulation services provider accepts responsibility for the adequacy or accuracy of this news release.