Month: December 2012

Orex and Astral Announce Signing of Arrangement Agreement

Orex Minerals Inc. and Astral Mining Corporation announce that further to their joint press release dated October 15, 2012, they have entered into an arrangement agreement which provides for, among other things, the acquisition by Orex of all of the issued and outstanding common shares of Astral by way of a court approved plan of arrangement pursuant to the Business Corporations Act (British Columbia).

Citation Grants Options to Directors and Officers

Citation Resources Inc. announces that the Company’s board of directors has approved the granting of 450,000 incentive stock options to directors and officers of the Company in accordance with its stock option plan. The options are exercisable at 0.105 per share and have an expiry date of December 7, 2017.

Oremex Silver Inc. Announces Resignation of Director

Oremex Silver Inc. announces that Mr. David Prins has resigned from his position as a director of the Company to focus on other recent commitments. “I want to thank David for his contributions to the Company and wish him well in his future endeavors” said Mr. John Carlesso, Executive Chairman of Oremex.

SilverCrest Updates Santa Elena Resource Infill and Expansion Drilling

SilverCrest Mines Inc. is pleased to announce results of further drilling at the Santa Elena Mine in Sonora, Mexico. Seventy nine holes of a planned 100 holes have been completed to re-categorize Indicated and Inferred Resources to Probable Reserves and expand current underground Resources. To date, this drill program has been successful and will assist with resource confirmation and conversion which will be included in the upcoming Pre-Feasibility Study for the Santa Elena Expansion Project.

Paget Minerals Corporate Update

Paget Minerals Corp. announces that it has granted a total of 775,000 incentive stock options to directors and officers of the Company. The Options are exercisable at $0.15 per share for a period of five years from the date of grant and vest on the basis of 50% upon the date of grant and 50% upon the first anniversary of the date of grant. The Options were granted pursuant to the Company’s shareholder-approved stock option plan and are subject to the policies of the TSX Venture Exchange and any applicable regulatory hold periods.

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