Orex Announces Board Changes and a Grant of Options
Orex Announces Board Changes and a Grant of
Options
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.
View original content:
http://www.newswire.ca/en/releases/archive/January2021/28/c8824.html
%SEDAR: 00013850E
For further information:
Please contact Orex Minerals Inc. at (604) 687-8566, email [email protected], or
visit our website at www.orexminerals.com
CO: Orex Minerals Inc.
CNW 19:32e 28-JAN-21