DOX.V- News- Arranges FinancingDOREX MINERALS INC.
#705-1060 Alberni Street
Vancouver, Canada, BC
V6E 2K4
dorexinc@gmail.com
TSX-V: DOX
FSE : A9L
NEWS RELEASE
DOREX ARRANGES $1.5 MIL PRIVATE PLACEMENT
Vancouver, BC December 1, 2010 - Dorex Minerals Inc. - TSX.V- “DOX” (the “Company” or “Dorex”) has negotiated a non-brokered private placement financing of up to 6 million units at a price of
.25 per unit, for total gross proceeds of $1,500,000. Each unit will consist of one common share of the company and one transferable share purchase warrant. Each warrant will entitle the holder thereof to purchase one additional common share of the company at a price of 35 cents for a period of 12 months following closing. The proceeds of the private placement will be used for exploration and working capital. The company will pay a finder's fee or commission in accordance with the policies of the TSX Venture Exchange. The private placement is subject to the approval of the TSX Venture Exchange.
About Dorex Minerals
Dorex Minerals Inc. is a base and precious metals exploration and development Company listed on the TSX Venture, Frankfurt Exchange under the symbol "DOX" and code "A9L". The Company is focused on discovering and advancing mineral properties by utilizing modern geological science. Managed by a team of experienced professionals, the Company's corporate philosophy is to build shareholder wealth through the acquisition and development of high quality exploration projects. Dorex's portfolio is currently focused in Canada and the Slovak Republic.
Further information about Dorex can be obtained from the website www.dorex.ca, e-mail dorexinc@gmail.com or by phoning 604-688-1160.
ON BEHALF OF THE BOARD OF DIRECTORS
“Julius Galik”
Julius Galik
President/ CEO