Welcome!

News Feed Item

Mannix Resources Inc. Announces Shares for Debt Agreement and New Board Members

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 02/18/14 -- Mannix Resources Inc. (the "Company") announces that it has settled outstanding debt of $52,500 owed to a certain director of the Company through the issuance of 1,050,000 common shares of the Company at a deemed price of $0.05 per share. The securities issued in connection with the debt settlement are subject to a statutory hold period of four months from the date of issuance in accordance with applicable securities legislation.

The Company is further pleased to announce the appointment of new directors and officers as part of its restructuring. New Board members Stephen Leahy and Michael Leahy join Donald Crossley and John Anderson on the Board of Directors. Mr. Crossley has stepped down as President, Chief Executive Officer and Secretary of the Company. Mr. Crossley remains as Chief Financial Officer of the Company. The Company has appointed Stephen Leahy as Chief Executive Officer and Bijay Singh as Secretary of the Company. The Company wishes to thank Robert C. Grey, who has stepped down from the Board, for his efforts and support.

Acquisition of Shares by Stephen Leahy

Stephen Leahy of Suite 580 - 625 Howe Street, Vancouver, B.C., V6G 2T6 announces that he has acquired 2,350,000 common shares of the Company in private transactions. The 2,350,000 common shares acquired represent approximately 38.1% of the issued and outstanding shares of the Company.

As a result of the forgoing acquisition, Mr. Leahy has direct and indirect control and direction over a total of 2,350,000 common shares of the Company representing approximately 38.1% of the issued and outstanding shares of the Company.

The securities acquired will be held for investment purposes. Mr. Leahy may, depending on market and other conditions, increase or decrease his beneficial ownership of the Company's securities by privately negotiated agreements or otherwise, subject to a number of factors, including general market conditions and other available investment and business opportunities.

This information is provided pursuant to Multilateral Instrument 62-104, which also requires a report to be filed on SEDAR (www.sedar.com) containing additional information with respect to the foregoing matters.

Acquisition of Shares by John Anderson

John Anderson of 52A Powell street, Suite 200, Vancouver, B.C., V6A 1E7 announces that he has acquired 1,050,000 common shares of the Company in private transactions. The 1,050,000 common shares acquired represent approximately 17.0% of the issued and outstanding shares of the Company.

As a result of the forgoing acquisition, Mr. Anderson has direct and indirect control and direction over a total of 2,200,000 common shares of the Company representing approximately 35.6% of the issued and outstanding shares of the Company.

The securities acquired will be held for investment purposes. Mr. Anderson may, depending on market and other conditions, increase or decrease his beneficial ownership of the Company's securities by privately negotiated agreements or otherwise, subject to a number of factors, including general market conditions and other available investment and business opportunities.

This information is provided pursuant to Multilateral Instrument 62-104, which also requires a report to be filed on SEDAR (www.sedar.com) containing additional information with respect to the foregoing matters.

Acquisition of Shares by Donald Crossley

Donald Crossley of 992 East 13th Avenue, Vancouver, B.C., V5T 2L6 announces that he has acquired 1,050,000 common shares of the Company in a private transaction. The 1,050,000 common shares acquired represent approximately 17.0% of the issued and outstanding shares of the Company.

As a result of the forgoing acquisition, Mr. Crossley has direct and indirect control and direction over a total of 1,151,218 common shares of the Company representing approximately 18.7% of the issued and outstanding shares of the Company.

The securities acquired will be held for investment purposes. Mr. Crossley may, depending on market and other conditions, increase or decrease his beneficial ownership of the Company's securities by privately negotiated agreements or otherwise, subject to a number of factors, including general market conditions and other available investment and business opportunities.

This information is provided pursuant to Multilateral Instrument 62-104, which also requires a report to be filed on SEDAR (www.sedar.com) containing additional information with respect to the foregoing matters.

Contacts:
Mannix Resources Inc.
Stephen Leahy
Chief Executive Officer
604.729.4573

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
Cloud promises the agility required by today’s digital businesses. As organizations adopt cloud based infrastructures and services, their IT resources become increasingly dynamic and hybrid in nature. Managing these require modern IT operations and tools. In his session at 20th Cloud Expo, Raj Sundaram, Senior Principal Product Manager at CA Technologies, will discuss how to modernize your IT operations in order to proactively manage your hybrid cloud and IT environments. He will be sharing bes...
Everywhere we turn in our industry we can find strong opinions about the direction, type and nature of cloud’s impact on computing and business. Another word that is used in every context in our industry is “hybrid.” In his session at 20th Cloud Expo, Alvaro Gonzalez, Director of Technical, Partner and Field Marketing at Peak 10, will use a combination of a few conceptual props and some research recently commissioned by Peak 10 to offer a real-world consideration of how the various categories of...
Five years ago development was seen as a dead-end career, now it’s anything but – with an explosion in mobile and IoT initiatives increasing the demand for skilled engineers. But apart from having a ready supply of great coders, what constitutes true ‘DevOps Royalty’? It’ll be the ability to craft resilient architectures, supportability, security everywhere across the software lifecycle. In his keynote at @DevOpsSummit at 20th Cloud Expo, Jeffrey Scheaffer, GM and SVP, Continuous Delivery Busine...
Most DevOps journeys involve several phases of maturity. Research shows that the inflection point where organizations begin to see maximum value is when they implement tight integration deploying their code to their infrastructure. Success at this level is the last barrier to at-will deployment. Storage, for instance, is more capable than where we read and write data. In his session at @DevOpsSummit at 20th Cloud Expo, Josh Atwell, a Developer Advocate for NetApp, will discuss the role and value...
SYS-CON Events announced today that Outscale, a global pure play Infrastructure as a Service provider and strategic partner of Dassault Systèmes, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Founded in 2010, Outscale simplifies infrastructure complexities and boosts the business agility of its customers. Outscale delivers a secure, reliable and industrial strength solution for its customers, which in...
SYS-CON Events announced today that Peak 10, Inc., a national IT infrastructure and cloud services provider, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Peak 10 provides reliable, tailored data center and network services, cloud and managed services. Its solutions are designed to scale and adapt to customers’ changing business needs, enabling them to lower costs, improve performance and focus intern...
SYS-CON Events announced today that CollabNet, a global leader in enterprise software development, release automation and DevOps solutions, will be a Bronze Sponsor of SYS-CON's 20th International Cloud Expo®, taking place from June 6-8, 2017, at the Javits Center in New York City, NY. CollabNet offers a broad range of solutions with the mission of helping modern organizations deliver quality software at speed. The company’s latest innovation, the DevOps Lifecycle Manager (DLM), supports Value S...
A strange thing is happening along the way to the Internet of Things, namely far too many devices to work with and manage. It has become clear that we'll need much higher efficiency user experiences that can allow us to more easily and scalably work with the thousands of devices that will soon be in each of our lives. Enter the conversational interface revolution, combining bots we can literally talk with, gesture to, and even direct with our thoughts, with embedded artificial intelligence, whic...
In order to meet the rapidly changing demands of today’s customers, companies are continually forced to redefine their business strategies in order to meet these needs, stay relevant and continue to see profitable growth. IoT deployment and development is integral in this transformation, and today businesses are increasingly seeing the value of investing their resources into IoT deployments. These technologies are able increase ROI through projects such as connecting supply chains or enabling sm...
Regardless of what business you’re in, it’s increasingly a software-driven business. Consumers’ rising expectations for connected digital and physical experiences are driving what some are calling the "Customer Experience Challenge.” In his session at @DevOpsSummit at 20th Cloud Expo, Marco Morales, Director of Global Solutions at CollabNet, will discuss how organizations are increasingly adopting a discipline of Value Stream Mapping to ensure that the software they are producing is poised to o...
This talk centers around how to automate best practices in a multi-/hybrid-cloud world based on our work with customers like GE, Discovery Communications and Fannie Mae. Today’s enterprises are reaping the benefits of cloud computing, but also discovering many risks and challenges. In the age of DevOps and the decentralization of IT, it’s easy to over-provision resources, forget that instances are running, or unintentionally expose vulnerabilities.
In his opening keynote at 20th Cloud Expo, Michael Maximilien, Research Scientist, Architect, and Engineer at IBM, will motivate why realizing the full potential of the cloud and social data requires artificial intelligence. By mixing Cloud Foundry and the rich set of Watson services, IBM's Bluemix is the best cloud operating system for enterprises today, providing rapid development and deployment of applications that can take advantage of the rich catalog of Watson services to help drive insigh...
SYS-CON Events announced today that SoftLayer, an IBM Company, has been named “Gold Sponsor” of SYS-CON's 18th Cloud Expo, which will take place on June 7-9, 2016, at the Javits Center in New York, New York. SoftLayer, an IBM Company, provides cloud infrastructure as a service from a growing number of data centers and network points of presence around the world. SoftLayer’s customers range from Web startups to global enterprises.
SYS-CON Events announced today that Super Micro Computer, Inc., a global leader in compute, storage and networking technologies, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Supermicro (NASDAQ: SMCI), the leading innovator in high-performance, high-efficiency server technology, is a premier provider of advanced server Building Block Solutions® for Data Center, Cloud Computing, Enterprise IT, Hadoop/...
With major technology companies and startups seriously embracing Cloud strategies, now is the perfect time to attend @CloudExpo | @ThingsExpo, June 6-8, 2017, at the Javits Center in New York City, NY and October 31 - November 2, 2017, Santa Clara Convention Center, CA. Learn what is going on, contribute to the discussions, and ensure that your enterprise is on the right path to Digital Transformation.