Coeur Mining Inc. press release
Orex Announces Private Placement
NYSE - New York Stock Exchange · Gold · Silver · Zinc · Lead · United States
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/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/
VANCOUVER, Jan. 15, 2015/CNW/ - Orex Minerals Inc.– (TSX-V: REX)("Orex" or the "Company") announces a non-brokered private placement offering of 4,800,000 common shares of the Company at a price of $0.25per share for gross proceeds of $1,200,000(the "Private Placement"). Orex intends to use the net proceeds of the Private Placement for continued exploration and development of its Los Crestones Property located in Sinaloa, Mexicoand for general corporate and working capital purposes.
The Private Placement is scheduled to close on or about January 19, 2015. The closing of the Private Placement is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory approvals including the approval of the TSX Venture Exchange. All securities issued pursuant to the Private Placement will be subject to a four month and one day hold period from the date of closing of the Private Placement.
The shares have not been and will not be registered under the U.S. Securities Act of 1933, as amended, or any state securities laws and may not be offered or sold in the United Statesor to U.S. Persons absent registration or an applicable exemption from registration. This press release is not an offer or a solicitation of an offer of securities for sale in the United States, nor will there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.
ON BEHALF OF THE BOARD OF DIRECTORS
Gary Cope President
ABOUT OREX MINERALS INC.
Orex Minerals Inc. (TSX-V: REX) is a Canadian-based junior exploration company comprised of highly qualified mining professionals. The Company has several current projects: the _Barsele Gold Project_in Sweden, the _Los Crestones Gold-Silver Project_in Sinaloa, Mexico, the _Jumping Josephine Gold-Silver Project_in British Columbia, and the _Coneto Gold-Silver Project_in Durango, Mexico, which is currently under option to Fresnillo PLC.
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.
please contact Orex Minerals Inc. at (604) 687-8566, email info@orexminerals.com or visit our website at www.orexminerals.comCopyright CNW Group 2015