Orex Exploration Inc.: Preliminary Economic Assessment Received
29 April 2014 - 1:17AM
Marketwired
Orex Exploration Inc.: Preliminary Economic Assessment Received
MONTREAL, CANADA--(Marketwired - Apr 28, 2014) - OREX
EXPLORATION INC. (TSX-VENTURE:OX) ("Orex" or "the Corporation") -
The Corporation is pleased to inform shareholders that the
Preliminary Economic Assessment announced on April 16, 2014 has now
been filed on SEDAR and can be found at www.sedar.com
The Corporation also announces that it has extended to May 26,
2014 the proposed non-brokered private placement of units for a
maximum amount of $500,000. Each unit will comprise one common
share of the Corporation at a price of $0.05 and one whole common
share purchase warrant, at an exercise price of $0.05 per share,
valid for a three-year period. Insiders of the Corporation may
subscribe for more than 25% of the offered units. The subscribed
securities will be subject to a hold period of four months from the
closing date. This private placement is subject to the final
approval of the TSX Venture Exchange.
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 this news release. The statements made in this news
release that are not historical facts are `forward-looking
statements, and readers are cautioned that any such statements are
not guarantees of future performance and that actual developments
or results may vary materially from those in these
"forward-looking" statements.
Willie McLucas, President and CEO+44 7881 816
980wpm@mclucasfamilyholdings.comMark Billings, Chairman+ 1 (514)
296-1641mark@marengomgt.com
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