Orex Minerals wraps C$2.06 million private placement of equity units

Non-brokered offering funds exploration and general working capital

By Devika Patel

Knoxville, Tenn., Sept. 18 - Orex Minerals Inc. said it completed a C$2.06 million non-brokered private placement of units. The deal priced on Sept. 10.

The company sold 2,680,700 units of one common share and a half-share warrant at C$0.25 per unit and 5,547,900 flow-through units of one flow-through common share and a half-share warrant at C$0.25 per unit.

Each whole warrant is exercisable at C$0.30 until Sept. 13, 2015. The strike price reflects a 15.39% premium to the Sept. 9 closing share price of C$0.26.

Proceeds will be used for exploration and general working capital.

Based in Vancouver, B.C., Orex mines for silver and gold.

Issuer:	Orex Minerals Inc.
Issue:	Units of one common share and a half-share warrant, flow-through units of one flow-through common share and a half-share warrant
Amount:	C$2,057,150
Price:	C$0.25
Warrants:	One half-share warrant per unit
Warrant expiration:	Sept. 13, 2015
Warrant strike price:	C$0.30
Agent:	Non-brokered
Pricing date:	Sept. 10
Settlement date:	Sept. 24
Stock symbol:	TSX Venture: REX
Stock price:	C$0.26 at close Sept. 9
Market capitalization:	C$13.76 million
Units
Amount:	C$670,175
Units:	2,680,700
Flow-through units
Amount:	C$1,386,975
Units:	5,547,900

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