REX-V
Orex's President Increases Ownership in Orex Minerals
Orex Minerals Inc. (TSX VENTURE:REX) ("Orex") President of Orex, Gary Cope, of Suite 1130, 1055 W Hastings Street, Vancouver BC, announces that he has beneficial ownership of, and control and discretion over, directly or indirectly through 683192 B.C. Ltd., 9,975,000 common shares, or approximately 13.92% of the issued and outstanding common shares of Orex. If Mr. Cope exercises all of the 2,098,400 warrants owned, and the 1,090,000 options owned, he will have beneficial ownership of, and control and discretion over, directly or indirectly, 13,163,400 common shares (or 17.58%) in the capital of Orex.
On November 21, 2013, 683192 B.C. Ltd. purchased 4,000,000 units in a non-brokered private placement of Orex at a cost of $1,000,000 CAD. 683192 B.C. Ltd. relied on the accredited investor exemption from securities legislation to purchase the units. Orex trades on the TSX Venture Exchange.
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