STARREX INTERNATIONAL LTD.
180 DUNDAS STREET WEST ● SUITE 1801 ● TORONTO ● ONTARIO ● CANADA ● M5G 1Z8
Telephone (647) 981-2782 ● Facsimile (416) 595-5959
FOR IMMEDIATE RELEASE:
STARREX ANNOUNCES COMPLETION OF ACQUISITION
November 20, 2014 – Toronto, Ontario – Starrex International Ltd. (“Starrex”) (CNSX: STX & OTC BB: STXMF) announces the appointment of Dr. Deborah (Debbie) Ramirez as Chief Financial Officer and the completion yesterday of the acquisition, through one of its whollyowned US subsidiaries, PI-2 Texas, LLC, of all of the membership interests of Heinen & Associates LLC in exchange for aggregate consideration of US$775,000 to be satisfied by: (i) payment of US$50,000 in cash; (ii) issuance of a promissory note by the US subsidiary in the aggregate amount of US$250,000; (iii) rental reimbursement obligation not exceeding US$25,000; and (iv) issuance of 450,000 common shares of Starrex at a deemed price of US$1.00 per share. Mr. Clayton, Chairman, stated ”Dr. Ramirez is a Senior Financial Operations Executive, and her appointment as Chief Financial Officer will bring the discipline to take Starrex to the next level in the financial services industry. Heinen, a profitable appraisal management company with operations in Texas, will bring economies of scale to our subsidiary Property Interlink. I am looking forward to more accretive acquisitions in 2015.”
For further information please contact Ronald Mann, Secretary, Chief Operating Officer and Investor Relations Officer of Starrex, at (647) 981-2782, email address: email@example.com.
This news release may contain or refer to forward-looking information. All information other than statements of historical fact that address activities, events or developments that Starrex believes, expects or anticipates will or may occur in the future are forward-looking statements, including statements regarding the plans, goals and expectations for the newly-acquired company and for Starrex as a result of the acquisition noted above. This forward-looking information is subject to a variety of risks and uncertainties beyond Starrex’s ability to control or predict that may cause actual events or results to differ materially from those described in such forward-looking information. Any forward-looking information speaks only as of the date on which it is made and, except as may be required by applicable securities laws, Starrex disclaims any intent or obligation to update any forward-looking information, whether as a result of new information, future events or results or otherwise. Although Starrex believes that the assumptions inherent in the forward-looking information are reasonable, forward-looking information is not a guarantee of future performance and accordingly undue reliance should not be placed on this forward-looking information due to the inherent uncertainty thereof.
Neither IIROC nor any stock exchange or other securities regulatory authority accepts responsibility for the adequacy or accuracy of this press release.