SEATTLE, WA -- (Marketwired) -- 06/08/17 -- 3DX Industries Inc. (OTC PINK: DDDX) 3DX Industries Inc., (the "Company" or "3DX"). 3DX Industries Inc. announced today that CEO Roger Janssen has successfully negotiated the return of 3 million shares of 3DX stock for return to treasury.
Earlier this year, the Company issued 5 million shares to settle certain aged debt arising from transactions in fiscal 2013. Subsequently, in order to forward the Company's directive to bring new growth capital into the business, 3DX CEO Roger Janssen began negotiations with the debtor to reduce the total shares issued for this aged debt. In keeping with the 3DX mandate of limiting shareholder dilution, 3DX CEO Roger Janssen was able to successfully negotiate the return of 3 million shares from the original 5 million issued from this third party debtor and the shares will be returned to treasury.
3DX President and CEO Roger Janssen, commenting on this successful conclusion, stated, "We believe our current share price is highly undervalued and we are working diligently to bring awareness of 3DX to the investment community. Our third party debtors agreed and are returning these shares to assist the Company with its efforts to bring new growth capital. Management will remain diligent in its efforts to secure a financing to expand operations but will not be entering into any type of toxic financing arrangements that would negatively affect the company."
Management is continuing to work towards updating its financial reporting obligations and expects to file updated reports in the coming weeks to bring the Company fully current on the OTC Markets.
