By Market Wire, October 21, 2013, 01:54:00 PM EDT
VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 10/21/13 --
Orex Minerals Inc., (TSX VENTURE:REX) ("Orex") announces further to its October 3, 2013 news release that it has closed the amended Barsele acquisition with Northland Exploration Sweden AB ("Northland").
Pursuant to Orex's agreement with Northland described in its October 3, 2013 release, Northland has been issued a total of 7,500,000 common shares of Orex which are subject to a hold period which concludes on February 22, 2014, and has been paid US$250,000 in cash.
ON BEHALF OF THE BOARD OF DIRECTORS
Gary Cope, President
ABOUT OREX MINERALS INC.
Orex Minerals Inc. (TSX VENTURE:REX) is a Canadian-based junior exploration company comprised of highly qualified mining professionals. The Company has several current projects: its flagship property, the Barsele Gold Project in Sweden, the Los Crestones Gold-Silver Project in Sinaloa, Mexico, the Persistence Gold-Copper Project and Jumping Josephine Gold-Silver Project in British Columbia, and the Coneto Gold-Silver Project in Durango, Mexico, which is currently under option to Fresnillo PLC.
This News Release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements and Orex undertakes no obligation to update such statements, except as required by law.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Orex Minerals Inc.
Source: Orex Minerals Inc.