Oremex Silver Inc. appoints Michael Ivan
as Chief Financial Officer
Oremex Silver Inc. (TSXV: OAG)
(OTCQX: ORAGF) (FRANKFURT: OSI) (the "Company" or "Oremex")
is pleased to announce the appointment of Mr. Michael Ivan, CA to the position
of Chief Financial Officer.
Mr. Ivan is a Chartered
Accountant with extensive experience managing the financial operations for both
private and public companies. Mr. Ivan began his career with Collins Barrow,
where he was a key member of the firm's public company group, with a particular
focus on junior resource companies. Throughout his career he has specialized in
auditing, internal controls, and financial reporting. He most recently served
as Corporate Controller for Oremex
Silver and the Company expects the transition to be seamless given Mr.
Ivan's knowledge and familiarity.
Mr. Ivan replaces Mr. Paul
Haber who has served as CFO for the past several years. The Company
also announces the resignation of David Terry from the board
of directors of the Company to focus on other business ventures and
commitments. The Company would like to thank Mr. Haber and Mr. Terry for their
contributions and wish them both the best in their future endeavors.
About Oremex Silver
Inc.
Oremex Silver Inc. is a Canadian
company focusing on the exploration and development of silver projects along
the 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. The Company's projects are located in mining-friendly jurisdictions
and the management team has successful track record of mine-building in Mexico.
Cautionary Note
Regarding Forward-Looking Statements
Certain statements
contained in this news release may constitute forward-looking information,
(collectively "forward-looking information") within the meaning of
Canadian securities laws. Forward-looking information may relate to this news
release and other matters identified in Oremex
Silvers' public filings, anticipated events or results and can be identified by
terminology such as "may", "will", "could",
"should", "expect", "plan",
"anticipate", "believe", "intend",
"estimate", "projects", "predict",
"potential", "continue" or other similar expressions concerning
matters that are not historical facts and include, but are not limited in any
manner to, those with respect to capital and operating expenditures, economic
conditions, availability of sufficient financing, receipt of approvals,
satisfaction of closing conditions and any and all other timing, development,
operational, financial, economic, legal, regulatory and/or political factors
that may influence future events or conditions. Such forward-looking statements
are based on a number of material factors and assumptions, including, but not
limited in any manner, those disclosed in any other public filings of Oremex Silver,
and include the ultimate availability and final receipt of required approvals,
sufficient working capital for development and operations, access to adequate
services and supplies, availability of markets for products, commodity prices,
foreign currency exchange rates, interest rates, access to capital markets and
other sources of financing and associated cost of funds, availability of a
qualified work force, availability of manufacturing equipment, no material
changes to the tax and regulatory regime and the ultimate ability to execute
its business plan on economically favourable terms.
While we consider these assumptions to be reasonable based on information
currently available to us, they may prove to be incorrect. Actual results may
vary from such forward-looking information for a variety of reasons, including
but not limited to risks and uncertainties disclosed in other Oremex Silver
filings at www.sedar.com and other unforeseen events or circumstances.
Other than as required by law, Oremex
Silver does not intend, and undertakes no obligation, to update any
forward looking information to reflect, among other things, new information or
future events.