Orex Gold Mines Corp. Plans Stock Buy-Back
Orex Gold Mines Corp. Plans Stock Buy-Back
Business Editors
CORAL GABLES, Fla.--(BUSINESS WIRE)--Oct. 26, 1999--Orex Gold
Mines Corp. (OTC BB:ORXX) is pleased to announce that it intends to
re-purchase up to (5) five million shares of its common stock after
production commences. The stock buy-back is anticipated to occur
over a twelve month period or sooner.
Orex's executive directors believe this transaction will benefit
the overall stock structure and value of Orex Gold Mines. It is the
continued goal of Orex to become a world-renowned mining company and
to expand with new joint ventures and alliances.
This news release contains forward-looking statements as defined
by the Private Securities Litigation Reform Act of 1995.
Forward-looking statements include statements concerning plans,
objectives, goals, strategies, future events or performance and
underlying assumptions, and all statements that are other than
statements of historical facts. These statements are subject to
uncertainties and risks including, but not limited to, product and
service demand and acceptance, changes in technology, economic
conditions, the impact of competition and pricing, government
regulation, and other risks defined in this document. These
cautionary statements expressly qualify all such forward-looking
statements made by or on behalf of Orex. In addition, Orex disclaims
any obligation to update any forward-looking statements to reflect
events or circumstances after the date hereof.
--30--eb/ny*
CONTACT: Orex Gold Mines, Coral Gables
Investor Relations Contact:
Greg Finney 305-444-5890
or Don Blackburn 520-668-0460
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