|By Marketwired .||
|April 28, 2014 11:18 AM EDT||
MONTREAL, CANADA -- (Marketwired) -- 04/28/14 -- OREX EXPLORATION INC. (TSX VENTURE: OX) ("Orex" or "the Corporation") - The Corporation is pleased to inform shareholders that the Preliminary Economic Assessment announced on April 16, 2014 has now been filed on SEDAR and can be found at www.sedar.com
The Corporation also announces that it has extended to May 26, 2014 the proposed non-brokered private placement of units for a maximum amount of $500,000. Each unit will comprise one common share of the Corporation at a price of $0.05 and one whole common share purchase warrant, at an exercise price of $0.05 per share, valid for a three-year period. Insiders of the Corporation may subscribe for more than 25% of the offered units. The subscribed securities will be subject to a hold period of four months from the closing date. This private placement is subject to the final approval of the TSX Venture Exchange.
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. The statements made in this news release that are not historical facts are `forward-looking statements, and readers are cautioned that any such statements are not guarantees of future performance and that actual developments or results may vary materially from those in these "forward-looking" statements.