VANCOUVER, BC, Jan. 28, 2021 /CNW/ - Orex Minerals Inc. –
(TSXV: REX) (OTCQB: ORMNF) ("Orex" or the
"Company") announces that the Board has received the
resignation of Rick Sayers. His
extensive background and senior level experience in finance enabled
the Company to continue with its strategic plan and growth during
his tenure. Management wishes to thank Mr. Sayers for his years of
service.
The Company announces the appointment of David R. Gunning, P.Eng., as a Director of Orex
effective immediately. Mr. Gunning is a graduate mining engineer
with 40 years' experience in the mining industry. His experience
includes exploration, operations, and consulting. He has worked on
precious metal projects and operations worldwide but primarily in
North and Latin America. Most
recently Mr. Gunning was COO at Starcore Intl. Mines Ltd with an
underground gold mine in Mexico
and VP Operations for Bluestone Resources developing the
Cerro Blanco project in
Guatemala.
The Company also announces that it has granted an aggregate
of 3,550,000 incentive stock options to directors, officers, and
consultants to purchase up to 3,550,000 common shares in the
capital of Orex. The incentive stock options have an exercise price
of $0.17 per share, expire five years
from the date of grant, and vest immediately. As a result of this
option grant, Orex has 12,375,000 stock options outstanding,
representing 6.6% of the issued and outstanding share capital of
the Company.
ABOUT OREX MINERALS INC.
Orex is a Canadian-based junior exploration company comprised of
highly qualified mining professionals. Orex has several current
projects: the Coneto Gold-Silver Project, a joint venture with
Fresnillo PLC, the Sandra Silver-Gold Project, a joint venture with
Pan American Silver Corp., both located in Durango, Mexico, plus the Jumping Josephine
Gold-Silver Project in British Columbia,
Canada.
ON BEHALF OF THE BOARD OF DIRECTORS
/s/ Ben
Whiting
Ben
Whiting
President
The Canadian Venture Exchange has not reviewed and does not
accept responsibility for the adequacy or accuracy of the content
of this press release.
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SOURCE Orex Minerals Inc.