04/19 09:20 Orex Corporation Approves Executive Summary <ORXX.OB> Orex Corporation Approves Executive Summary
CORAL GABLES, Fla.--(BUSINESS WIRE)--April 19, 2000--Orex Corporation ("Orex") (OTCBB:ORXX) announced today that its board of directors have approved the final draft of the executive summary prepared by Orex and IBK Capital. Management is pleased with the executive summary and looks forward to the distribution of the executive summary to IBK's
investor group. As stated earlier, Orex has engaged the services of IBK Capital of Toronto, Ontario, Canada,
for the purpose of project financing. IBK Capital is an independent, privately owned investment-banking firm, which offers a full range of services to the mining industry. IBK
Capital was founded by a group of experienced professionals who had previously worked for many years as investment bankers with Merrill Lynch Canada Inc. Since its inception in
February 1989, IBK Capital has established an enviable track record as an independent Canadian financial advisory firm, having played a role in transactions with a combined value
of approximately $908 million. IBK Capital completed many financial advisory engagements including capital raising assignments for a large number of senior and junior resource
companies. IBK Capital will now assist the company in raising US $8 million for its mining projects and future mergers & acquisitions.
Orex is prepared to expand its operations after funding is completed and anticipates having additional offices in Colorado for its wholly owned subsidiary, Orex Minerals Corporation. Further details of OMC will be forthcoming in the near future once the project financing is completed. Management is very excited about our future expansion in Colorado and Utah, as it will diversify our operations and add greater value to our company.
This news release contains forward-looking statements as defined by the Private SecuritiesLitigation 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.
CONTACT: Orex, Coral Gables Investor Relations Contact:Greg Finney, 305/444-5890 Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page.
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