Vancouver, British Columbia--(Newsfile Corp. - October 23, 2013) - Tantalex Resources (CNSX:TTX) is one of the latest new listings on the Canadian National Stock Exchange. Prior to its reverse takeover, the company was a Capital Pool Company, trading on the TSX Venture Exchange.
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Tantalex is a mining exploration corporation active in central Africa, where it owns Tantalum and Niobium properties in the Republic of Congo. It is important to state the differences between the Republic of Congo and the Democratic Republic of Congo or DRC, since these two distinct countries are often confused by foreigners. The DRC is a war-torn country, currently stabilized by UN troops, whereas the Republic of the Congo is a rather stable country.
The company's Mayoko project, comprised of 4 exploration licences totalling more than 4,000 square kilometres, is located in northwestern Republic of Congo.
For more information about the property, please refer to the NI 43-101Technical Report available on Sedar.com.
Tantalum is a strategic metal used in the manufacturing of miniaturized electronic components, such as hearing aids and pacemakers, lenses for digital cameras and mobile phones, for which there is no substitute, as well as in cutting tools. Tantalum is produced in few locations in the world, either as primary material with some other specialty metals as co-product, as a by-product from niobium mines, as a co-product of alluvial cassiterite exploitation or from alluvial coltan deposits.
The company recently closed a private placement, raising gross proceeds of $475,000. The company has approximately 33.5 million shares issued and outstanding, and with its opening trades taking place at the $0.12 level, the company is capitalized at $4 million.
For more information, please visit the company's website at www.tantalex.ca or contact Dave Gagnon, CEO at 514-394-7476 or by email at dg@tantalex.ca.
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