/EINPresswire.com/ -- TORONTO, ONTARIO -- (Marketwired) -- 05/27/16 -- SGX Resources Inc. (TSX VENTURE: SXR) (the "Company") wishes to provide the following updates.

In accordance with Policy 2.5, the Company has not met the requirements for a Tier 1 company. Therefore, effective Friday May 27, 2016, the Company's Tier classification will change from Tier 1 to Tier 2. Further to the Exchange Bulletin dated May 10, 2016, trading in the shares of the Company will remain suspended.

The Company also wishes to announce the resignation of Dale Ginn as President and CEO of the Company. A search for a replacement is underway and further updates will be provided as they become available

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of the contents of this News Release.

Contacts:
SGX Resources Inc.
Sethu Raman
Director
raman321@gmail.com