Yellowknife, Northwest Territories – TerraX Minerals Inc. (TSX-V: TXR; Frankfurt: TX0; OTC Pink: TRXXF) announces that the board has approved proposed amendments to the exercise price of 650,000 options previously granted to certain directors of TerraX. The options were initially granted on March 14, 2014 and have an exercise price of $0.75. Under the proposed amendments, the exercise price will be revised to $0.35. The expiry date of the options will remain unchanged at March 14, 2019.
The proposed amendments remain subject to the approval of the TSX Venture Exchange and of the disinterested shareholders of TerraX at its upcoming annual and special general meeting to be held on October 14, 2015. For more information regarding the proposed amendments, please refer to TerraX’s management information circular which will be available on www.sedar.com