MONTREAL, March 13, 2013 /CNW Telbec/ - Argex Titanium Inc. (TSXV: RGX) ("Argex") is proud to announce it has joined the American Coatings Association (ACA), a non-profit trade organization representing the biggest names in the paint and coatings industry, including manufacturers, suppliers, distributors and associated technical professionals. The ACA serves as an advocate and ally for members on legislative, regulatory and judicial issues. It also focuses on advancements in science and technology through its technical conferences and journals, as well as online training opportunities. In addition, ACA offers essential business information to members through its publications, surveys, and business programs.
"We are very pleased to have joined the American Coatings Association; in doing so, we will benefit from its visibility and many advantages," stated Roy Bonnell, President and Chief Executive Officer of Argex Titanium. "As a producer of titanium dioxide, Argex will work with players throughout the supply chain to increase its presence in the coatings industry."
Additionally, Argex reports that it has issued a total of 60,000 stock options on March 6, 2013 to its employees under its Stock Option Plan These incentive stock options are exercisable at $1.24 with an expiry date of March 6, 2018 and have an 18-month vesting period.
About Argex Titanium Inc.
ARGEX Titanium INC. is a near-term producer of Titanium Dioxide. With a primary goal of advancing rapidly towards production, Argex has adopted a simple and low-risk strategy for the scale-up of its proprietary process that allows it to produce high-purity TiO2 directly from run-of-mine material.
The process is running continuously at the mini-plant in Mississauga, Ontario. The closed-loop process is environmentally friendly and produces minimal inert tailings.
Additionally, the Corporation owns 100% of the Mouchalagane property, which is a large Labrador trough iron ore property that represents further potential upside for the Argex shareholders.
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SOURCE Argex Titanium Inc.