Oremex Silver Announces Strategic Plan, Appoints New Directors and CFO

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Oremex Silver Inc. (OAG.V) provided an update of its activities and corporate plan for the coming 12 months.

The company is pursuing a strategy to realize maximum financial value for its non-core assets and will take action to advance and demonstrate value at its flagship 50 million oz Tejamen silver deposit.

The plan includes the divestiture of three non-core projects in development.


"In recent months the company has continued to receive unsolicited expressions of interest in respect of all of its non-core assets," Oremex said. "The Board of Directors is of the strong view that it can potentially realize maximum financial value for these non-core assets in the near-term by aggressively pursuing this strategy."

The Board also announced the addition of Rod Prat and Keith Minty to the Board of Directors, and the appointment of Jeffrey Lowe as Chief Financial Officer.



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

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This article appears in: Investing , Commodities

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