Orex Minerals Announces Non-Brokered Private Placement of up to $1 Million

2019-11-08_NR_REX_9BBmaFx9A1a

Vancouver, BC — Orex Minerals Inc. — (TSX.V: REX — OTCQB: ORMNF) (“Orex” or the “Company”), is pleased to announce that the Company intends to undertake a private placement financing (the “Offering”) to raise gross proceeds of up to $1,000,000 from the sale of up to 10,000,000 units at a price of $0.10 per unit, with each unit consisting of one common share and one half warrant. Each whole warrant is exercisable for one common share for a period of two years at a price of $0.15 per share. The Company expects that certain insiders of the Company will participate in the Offering.

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