By Sheri Kasprzak
New York, Sept. 1 - Orex Ventures Inc. has priced a private placement of units for C$1.02 million.
The offering includes 6 million units at C$0.17 each.
The units are comprised of one share and one half-share warrant. The whole warrants allow for the purchase of another share at C$0.20 each for two years.
The proceeds will be used for exploration at the El Tigre and Las Sorpresas properties and for working capital.
Based in Vancouver, B.C., Orex is a gold exploration company.
| Issuer: | Orex Ventures Inc.
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| Issue: | Units of one share and one half-share warrant
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| Amount: | C$1.02 million
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| Units: | 6 million
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| Price: | C$0.17
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| Warrants: | One half-share warrant per unit
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| Warrant expiration: | Two years
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| Warrant strike price: | C$0.20
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| Pricing date: | Aug. 31
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| Stock price: | C$0.205 at close Aug. 31
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