Recent DevelopmentsA few things have transpired in the last few days and hours worthy ofcapturing in an OX blog entry as some folks are not watching the OX boardregularly.
Corporate Web Site Up
The new web-site is up and running at
https://www.orexexploration.cadoesn't seem that it has been completely finished (for example not allthe recent news releases are published in the news section) and somelinks still lead to blank pages, but it is a move in the rightdirection.
AllPennyStocks.com
Orex has
paidto be featured (September 2nd) as the Canadian Company Spotlight onAllPennyStocks.com. Their article is largely based on theMiningMarketWatch article (referenced below). The article can be foundhere:
https://www.allpennystocks.com/aps_ca/company_spotlights/archives/ox.asp Carefully read the disclaimer and you will see that this is a paid placement "This is an advertisement forOrex Exploration Inc. The purpose of this advertisement,like any advertising, is to provide coverage and awareness forthe company."
This web site gets between 8k and 22k US visitors a day according to Quantcast. Global visitors are not tracked.
MiningMarketWatch Article Updated
JamesO'Rourke the Editor of Mining Market Watch journal has updated hisarticle on OX following the latest NI 43-101 update. You can find ithere:
https://www.miningmarketwatch.com/ox.htm
No details available on traffic for this website.
Private Placement Update
Twosources close to the company have told me (on the condition ofanonymity) that the Private Placement is well underway and there areinterested buyers. One source has gone so far as to tell me at least2/3rds of the amount to be funded through equity was alreadycommitted. The other has told me the prospectus for the debenture isbeing written and the company will become an Annual Information Formfiler going forward.
Unfortunately at the same time there areindividual shareholders who participated in past funding rounds and whohave been selling their shares into the market hoping to participate inthe next round of financing (to gain additional warrants at lowerstrike prices etc.) The company is well aware of this person/person(s)and both my sources have indicated that there is no desire from thecompany or likelyhood of these individual(s) participating in futureprivate placements. (One source indicated that it was one individual,the other source indicated multiple individuals). I think this is whywe see the volume has dried up rather suddenly today. I believeperhaps a very large amount of house cleaning has just been completedand that is why we are now seeing the web page and promotional activityrestarting.
Site Visit
I had theopportunity to drive past the property the other day while in thearea. The site was secure and no one was around. In the last twoweeks NS has received nearly 5" of rain in Guysborough county with ahurricane and tropical storm drenching the province the woods are wetand mushy everywhere so they are probably happy to have this delay. Noequipment on site, no major infrastructure changes, and no visiblesigns of activity yet.