The new board of directors of Oremex Silver Inc. is pleased to report that it has begun making progress on a number of fronts since it has assumed leadership of the Company.
Orex Minerals Inc. is pleased to announce that it has closed the first tranche of its private placement announced on February 27, 2014, issuing 8,658,000 units of the Company at a price of $0.25 per Unit for aggregate gross proceeds of $2,164,500. Each Unit consists of one common share and one half of a common share purchase warrant. Each whole warrant will be exercisable for one common share of the Company at $0.30 for a period of 24 months from closing, expiring March 24, 2016. The shares and Warrants comprising the Units and any shares issued upon the exercise of the Warrants are subject to a hold period which expires on July 25, 2014.
Southern Silver Exploration Corp. reported today that equipment has mobilized and a new phase of diamond drilling has started on the Cerro Las Minitas Project, Durango Mexico.
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