3DX Updates Shareholders on Corporate Developmentsadmin
BELLINGHAM, WA / ACCESSWIRE / March 28, 2014 / 3DX Industries Inc. (OTCQB: DDDX) 3DX Industries Inc., (the “Company” or “3DX”) is pleased to announce it has completed its corporate restructuring and is now focusing on additive manufacturing. Management believes that additive metal manufacturing will become one of the largest and fastest growing segments within the market place and intends to be a leader in the implementation and use of this exciting cutting edge technology.
Mr. Roger Janssen, President and CEO of 3DX, states: “We are currently in the process of finalizing our move into a new facility which will have our corporate and manufacturing departments under one roof. We have been ramping up our operations over the past few months as we complete our restructuring and finalize the movement of our equipment and personnel to the new location.” The Company is now in the process of implementing additional cutting edge additive manufacturing techniques. More information will be released as it becomes available.
The Company will be concentrating its efforts on metal and composite additive manufacturing and is working towards divesting itself of its resource properties. The McNeil property has been optioned to Trio Gold Corp. in exchange for Trio spending $5.0mm prior to December 31, 2019. An expenditure of $500,000 is required on or before December 31, 2015 with and an additional $2.0mm to be spent on the property on or before December 31, 2017. If all expenditures are met, Trio will earn 100% interest in the property, subject to a 5% net smelter royalty (NSR) payable to the Company. The NSR can be purchased by Trio for an additional $10mm. The Company has sold its interest in the Night Hawk property to Trio Gold in exchange for a 5% NSR. Trio has the option to purchase the Night Hawk NSR from the company for $10mm. All funds are in Canadian dollars. The company is in discussions with Trio Gold regarding its continued involvement on the Rodeo Creek project in Nevada.
About the Company: 3DX Industries, Inc. is a precision manufacturing company setting its sights on the additive manufacturing segment within the manufacturing industry. The Company currently offers precision manufacturing services through traditional manufacturing processes and is able to meet most customers’ demands for proto-type and production run projects. The Company also has the capability of providing composite additive manufacturing options to its clients.
3DX encourages those interested in our Company to rely only on information included in our filings with the United States Securities and Exchange Commission which can be found at www.sec.gov. Statements released by3DX Industries, Inc. that are not purely historical are forward-looking within the meaning of the “Safe Harbor” provisions of the Private Securities Litigation Reform Act of 1995, including statements regarding the company’s expectations, hopes, intentions, and strategies for the future. Investors are cautioned that forward-looking statements involve risk and uncertainties that may affect the company’s business prospects and performance. The company’s actual results could differ materially from those in such forward-looking statements. Risk factors include but are not limited to general economic, competitive, governmental, and technological factors as discussed in the company’s filings with the SEC on Forms 10-K, 10-Q, and 8-K. The company does not undertake any responsibility to update the forward-looking statements contained in this release.
For additional information please contact:
3DX Industries, Inc.
6920 Salashan Parkway Suite D-101
Ferndale WA 98248
Visit the 3DX Industries, Inc. web site at www.3dxindustries.com. Information included on the Company’s website is not incorporated herein by reference or otherwise.
SOURCE: 3DX Industries Inc.
Posted: March 28th, 2014 under ACCESSWIRE.