TORONTO, ONTARIO — (Marketwire) — 07/29/11 — Robert R. McEwen has acquired, by the exercise of 1,500,000 warrants of Vantex Resources Inc. (“Vantex”) at an exercise price of $0.15 per warrant, 1,500,000 common shares of Vantex (the “Transaction”). The shares acquired pursuant to the Transaction represent approximately 2.48% of the issued and outstanding common shares of Vantex. The common shares were issued from Vantex- treasury.
Upon completion of the Transaction, Mr. McEwen will hold 7,300,000 common shares of Vantex, representing approximately 12.05% of Vantex- issued and outstanding common shares.
Mr. McEwen entered into the Transaction for investment purposes and may increase or reduce his investment in Vantex according to market conditions or other relevant factors.
A copy of the early warning report filed in connection with the Transaction will be made available on SEDAR ().
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contacts:
Nils Engelstad
Corporate Counsel
(647) 258-0395
99 George Street, 3rd Floor
Toronto, ON M5A 2N4