Vancouver, B.C. - Orex Minerals Inc. - (REX: TSX-V) ("Orex" )
announces that it has granted 300,000 incentive stock options to investor relations firm Frontier Consulting Ltd. at an exercise price of $0.25 per share and with a five year term. The options will vest at 25% per quarter over the next twelve months and will be fully vested by January 17, 2015.
Orex has also granted incentive stock options to directors and officers to purchase 1,100,000 shares in the capital of Orex at an exercise price of $0.25 per share and with a five year term. The options will vest immediately.
Orex accepts the resignation of director Jukka Jokela and corporate secretary Linda Robertson, and has also ended its contract with investor relations consultant Patrice Nazareno. Orex thanks Jukka, Linda and Patrice for their service to the Company and wishes them all the best of luck in the future. Orex is also pleased to announce the appointment of Melissa Martensen as its new corporate secretary.
Orex Minerals Inc.
For further information, contact Orex Minerals Inc.
at (604) 687-8566 X227 or visit our website online at www.orexminerals.com
Neither the 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.
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, use of proceeds, 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.