NGEX RESOURCES INC. ANNOUNCES CLOSING OF THE SPIN-OUT OF THE LOS HELADOS PROPERTY; NAME CHANGE TO JOSEMARIA RESOURCES INC. AND NEW BOARD
VANCOUVER, July 17, 2019 /CNW/: NGEx Resources Inc. (“NGEx” or the “Company”) (TSX: NGQ) (OMX: NGQ) and NGEx Minerals Ltd. (“Spinco” or “NGEx Minerals”) are pleased to announce that the previously announced spin-out of the Company's Los Helados property (the "Los Helados Project") and certain other exploration properties into a wholly-owned subsidiary of NGEx, NGEx Minerals by a plan of Arrangement under the Canada Business Corporations Act (the “Arrangement”) has been completed. The Company obtained the final order approving the Arrangement from the Supreme Court of British Columbia on