Orex Minerals Announces Non-Brokered Private Placement of up to $2 Million

2020-05-26-NR-REX-NfD00U814inPu

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 $2,000,000 from the sale of up to 25,000,000 units (“Units“) at a price of $0.08 per Unit, with each Unit consisting of one common share of the Company and one-half of one warrant. Each whole warrant is exercisable for one common share for a period of two years at a price of $0.20 per share. The Company expects that certain insiders of the Company will participate in the Offering.

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