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A Member of the Belcarra Management Group
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Gary Cope, President of Orex, said "We are pleased that Orex's Securityholders have overwhelmingly approved the Arrangement. In a difficult market for resource issuers, Orex has pursued the spinout of the Barsele Project and the separation of Orex's mineral assets as a means of increasing Shareholder value".
For more information on the matters voted on at the Meeting and for details of the Arrangement, please see Orex's management information circular dated August 21, 2015, which has been filed on Orex's profile on SEDAR at www.sedar.com.
Orex's application to the Supreme Court of British Columbia (the "Court") to obtain the final order approving the Arrangement is scheduled for Thursday, September 24, 2015. Assuming Court approval is obtained and that the other conditions of the Arrangement are satisfied or waived, the Arrangement is expected to become effective on or about September 25, 2015.
ABOUT OREX MINERALS INC.
Orex is a Canadian-based junior exploration company comprised of highly qualified mining professionals. Orex has several current projects: the Barsele Project in Västerbottens Län, Sweden, a joint venture with Agnico Eagle Mines Ltd., the Coneto Gold-Silver Project in Durango, Mexico, a joint venture with Fresnillo PLC, the Sandra Escobar Silver-Gold Project in Durango, Mexico, a joint venture with Canasil Resources Inc., plus the Los Crestones Gold-Silver-Copper Project in Sinaloa, Mexico and the Jumping Josephine Gold-Silver Project in British Columbia, Canada.
ON BEHALF OF THE BOARD OF DIRECTORS
Gary Cope
President
For further information, contact Orex Minerals Inc. at (604) 687-8566 X227, email info@orexminerals.com or visit our website at www.orexminerals.com
FORWARD-LOOKING INFORMATION
This news release may contain forward-looking statements, including but not limited to comments regarding the Arrangement, receipt of the final order from the Court, timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements and Orex undertakes no obligation to update such statements, except as required by law.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
News Releases