| Orex Announces the Closing of a 10% Non Convertible Debenture Placement | |
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MONTREAL, CANADA--(Marketwired - Aug 29, 2014) - OREX EXPLORATION INC. (TSX VENTURE:OX) (the "Company" or "Orex") - Orex announces the closing of a non-brokered private placement of $185,000 (the "Placement"). The Placement consists of 185 Units at a price of $1,000 per Unit, each Unit being comprised of a 10% non-convertible debenture of a principal amount of $1,000 and of 8,000 Common Share Purchase Warrants. Each Warrant entitles its holder to subscribe for one Common Share of the Company at an exercise price of $0.05 per share. The Warrants, for a total number of 1,480,000, are valid for 60 months. Subject to the prior approval of the TSX Venture Exchange, the Company may pay the interests in Common Shares of the Company at the market price at the date of payment. Subject to the prior approval of the TSX Venture Exchange, the Company may also redeem the debentures in exchange for Common Shares of the Company, at the market price at the date of redemption. Insiders have contributed for 24% of the Placement. The securities issued under the Placement are subject to a four-month hold period, which will end December 29, 2014. The Placement replaces the proposed private placement announced by the Company on July 10, 2014 that consisted of units comprising of Common Shares and Warrants for a maximum amount of $500,000. Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
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Orex Exploration Inc.
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EXPLORATEUR |
CODE : OX.V |
ISIN : CA3019211026 |
CUSIP : 301921 |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Orex Expl. est une société d’exploration minière d'or basée au Canada. Son principal projet en exploration est GOLDBORO au Canada. Orex Expl. est cotée au Canada. Sa capitalisation boursière aujourd'hui est 11,1 millions CA$ (10,0 millions €). La valeur de son action a atteint son plus haut niveau récent le 29 décembre 2006 à 0,35 CA$, et son plus bas niveau récent le 15 janvier 2016 à 0,01 CA$. Orex Expl. possède 202 550 000 actions en circulation. |