Orex Minerals Inc V.REX

Alternate Symbol(s): ORMNF

Metals & Mining Industrial Metals & Minerals

Orex Minerals Inc. is a Canada-based mineral exploration company. The Company is focused on precious and base metals exploration in Mexico and Canada. The Company is engaged primarily in the acquisition and exploration and evaluation of assets. It has several projects, including two projects located in Durango State, Mexico, the Sandra Silver-Gold Project with Pan American Silver Corp. and the Coneto Gold-Silver Project with Fresnillo PLC. The third project is the Valenciana Gold-Silver-Base Metals Project in Zacatecas State, Mexico. The fourth project is the Jumping Josephine Gold Project in British Columbia, Canada. The Sandra Project is situated north of the town of Tepehuanes, Durango, in the heart of the Mexican Silver Trend, midway between the mining districts of Tovar and Guanacevi. The Coneto Silver-Gold Project is adjacent to the village of Coneto de Comonfort, centrally positioned within the Mexican Silver Trend, over 100 km north of the city of Durango, Mexico.

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Orex Minerals Inc

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Comment by invinoveritason Oct 15, 2012 12:32pm

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Post# 20484498

RE: stock halted

they are buying Astral Mining in a 12-1 share exchange ratio which at current REX share price is about 1.3 million $. This a ball park number based on 43.8 OREX share outstanding going to 46.6 million. Frankly at this point I don't see the value in the deal for OREX shareholders unless Astral is a hidden gem based on its Mexican and BC properties. I would be curious to hear others views. I have not contacted Gary Cope yet.

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