VANCOUVER, Dec. 19, 2019 /CNW/ - Orex Minerals Inc. –
(TSX.V: REX – OTCQB: ORMNF) ("Orex" or the
"Company") announces that it has granted an aggregate
of 3,425,000 incentive stock options to directors, officers, and
consultants to purchase up to 3,425,000 common shares in the
capital of Orex. The incentive stock options have an exercise price
of $0.10 per share, expire five years
from the date of grant, and vest immediately. As a result of this
option grant, Orex has 11,850,000 stock options outstanding,
representing 9.7% of the issued and outstanding share capital of
the Company.
ABOUT OREX MINERALS INC.
Orex Minerals Inc. is a mineral exploration company focused on
precious and base metals exploration in Mexico and Canada. Orex has several current projects:
Three projects are located in Durango State, Mexico, including the Coneto Silver-Gold
Project as a joint venture with Fresnillo PLC, the Sandra Escobar
Silver Project with Pan American Silver Corp., and the San Luis del Cordero Silver-Copper-Zinc
Project. The Company's fourth project is the Jumping Josephine Gold
Project in British Columbia,
Canada. Orex is under the management provided by the
experienced Belcarra Group Management Ltd. which is comprised of
highly qualified mining professionals.
ON BEHALF OF THE BOARD OF DIRECTORS
Gary Cope
President
This News Release may contain forward-looking statements
including but not limited to outstanding stock options, etc.
Forward-looking statements address future events and conditions and
therefore involve inherent risks and uncertainties. Actual results
may differ materially from those currently anticipated in such
statements and Orex undertakes no obligation to update such
statements, except as required by law. For additional information
on risks and uncertainties, see the Company's most recently filed
annual management discussion and analysis ("MD&A"), which is
available on SEDAR at www.sedar.com and on the Company's website at
www.orexminerals.com. The risk factors identified in the MD&A
are not intended to represent a complete list of factors that could
affect the Company.
Neither 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 release.
SOURCE Orex Minerals Inc.