6912 search
Orex Exploration Inc.
TSX-V OX.V 0,06 CA$ 10,00%
Logo

Corporate update following the Annual Meeting of Shareholders and Grant of Stock Options

Publié le 26 avril 2016

a3ac2030-173c-41a8-b55d-2947901d22e4.pdf

PRESS RELEASE

No. 2016-2

Corporate update following the Annual Meeting of Shareholders and Grant of Stock Options

Rouyn-Noranda, Canada, April 6, 2016: OREX EXPLORATION INC. ("Orex" or the "Corporation") held its annual general meeting of shareholders this morning. At this meeting, the shareholders approved the proposed slate of directors, who are Marcel Faucher, Jacques Levesque, Claude Poulin and Jean-Pierre Landry.

Raymond Chabot Grant Thornton, Chartered Professional Accountants of Rouyn-Noranda, were re- appointed auditors of Orex for the financial year ending on June 30, 2016.

Following the Board of directors meeting which followed immediately the annual meeting of shareholders.

  • Marcel Faucher was named President and Chief Executive Officer (CEO), Jacques Levesque, Chief Financial Officer (CFO) and Julie Godard, Secretary.

  • Claude Poulin, Jacques Levesque and Jean-Pierre Landry were appointed as members of the Audit Committee.

Also, the Board of directors granted a total of 11,500,000 stock options to the directors, officers, consultants and employees of Orex, of which 10,500,000 options to the directors and officers. Each option enables its holder to acquire one common share of Orex at a price of $0.05 for a period of five years, expiring on April 6, 2021.

The Corporation's stock option plan allows the issuance of a maximum of 14,000,000 common shares upon the exercise of stock options. Before the grant of these new stock options, only 200,000 options were outstanding in favor of a former director, at a price of $0.10, expiring on October 30, 2016.

For further information, please contact:

Jacques Levesque, CFO

Marcel Faucher, president and CEO

Tel: (819) 797-4354

Tel: (514) 679-6927

[email protected]

[email protected]

Neither the TSX Venture Exchange nor its regulation service 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.

1

Les autres articles de la compagnie
Orex Exploration Inc.: Corporate Update Following the Annual
Articles en illimité et contenus premium Je m'abonne
Editoriaux
et Nouvelles
Actions
Minières
Or et
Argent
Marchés La Cote
search 6912
search