Oremex Silver Inc. Provides Update
March 24 2014 - 5:10PM
Marketwired
Oremex Silver Inc. Provides Update
TORONTO, ONTARIO--(Marketwired - Mar 24, 2014) - The new board
of directors of Oremex Silver Inc. (TSX-VENTURE:OAG) ("Oremex" or
the "Company") is pleased to report that it has begun making
progress on a number of fronts since it has assumed leadership of
the Company.
The Company has now had its' trading halt removed which was in
place for 7 months and has cancelled two dilutive financings.
The Board is reviewing all of the Company's operations to
determine what changes, if any, will be necessary in the future and
putting together a strategy for its Mexican operations. The Board
hopes to report on that progress shortly. Corporately the Company
is working on completing its year-end audit and planning on
restarting communications with shareholders by re-launching the
website and beginning to provide more regular updates.
In addition, the Company has issued 5,050,000 stock options at
an exercise price of $0.05 per option to directors and service
providers. The options vest immediately and expire 5 years from the
date of grant.
About Oremex
Oremex is a Canadian company focusing on the exploration and
development of silver projects along a highly productive
mineralized belt in Mexico. The Company has a portfolio of silver
projects including a mineral resource of 50.8 million ounces of
silver at its Tejamen deposit.
National Instrument 43-101 requires the following statement:
that the preliminary assessment is preliminary in nature, that it
includes inferred mineral resources that are considered too
speculative geologically to have the economic considerations
applied to them that would enable them to be categorized as mineral
reserves, and there is no certainty that the preliminary assessment
will be realized.
Forward-Looking Statements
Forward-Looking Statements: The above contains forward-looking
statements that are subject to a number of known and unknown risks,
uncertainties and other factors that may cause actual results to
differ materially from those anticipated in our forward-looking
statements. Factors that could cause such differences include:
changes in world commodity markets, equity markets, costs and
supply of materials relevant to the mining industry, change in
government and changes to regulations affecting the mining
industry. Forward-looking statements in this release include
statements regarding future exploration programs, operation plans,
geological interpretations, mineral tenure issues and mineral
recovery processes. Although we believe the expectations reflected
in our forward-looking statements are reasonable, results may vary,
and we cannot guarantee future results, levels of activity,
performance or achievements.
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.
Oremex Silver Inc.Allan FolkDirectorAfolk.bb@gmail.com