|By Marketwired .||
|March 25, 2014 12:27 PM EDT|
VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 03/25/14 -- Prominex Resource Corp. (the "Company" or "Prominex") (TSX VENTURE: PXR) announces that management intends to evaluate opportunities and new projects in the Hemp and Medical Marijuana industries within Canada.
Mr Gordon Barron stated that "Recent changes to legislation in Canada and the US have dramatically altered the growth potential of these industries. Industrial hemp has many uses, including paper, textiles, biodegradable plastics, construction, health food, bio-fuel and medicine. It is increasingly apparent that a growing proportion of the medical community believe that medical marijuana and more specifically "cannabinoids", hold potential to help patients who are suffering from a variety of ailments and illnesses. The company intends to pursue all opportunities that may increase shareholder value in the new and exciting field of medical marijuana use and the hemp industries."
At this time, no transactions are in place, nor is there any assurance that a new project will be concluded in the future.
In the interim, management continues to evaluate all transactions, opportunities and activities in respect of the Tulks Hill and Reid Lot 50 projects in central Newfoundland.
Prominex is a TSX-Venture listed mineral exploration and development company trading under the symbol "PXR". During the past several years, Prominex has been exploring primarily for zinc-lead-copper-silver-gold mineral deposits. Currently, Prominex is evaluating two projects within a base metal rich area of central Newfoundland, home to formerly producing world-class base metal deposits at Buchans. The Company's two major assets are the historic Tulks Hill and the Reid Lot 50 projects, both situated in central Newfoundland.
ON BEHALF OF THE BOARD
Gordon Barron, President and CEO
Neither the TSX-V nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this release, and no securities regulatory authority has approved or disapproved of the contents of this release.
Prominex Resource Corp.
President and CEO