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Orex Exploration Inc. V.OX

"Orex Exploration Inc is engaged in the exploration of gold mining sites located in Nova Scotia, Canada. The Company owns goldboro project in Guysborough County, Nova Scotia."


TSXV:OX - Post by User

Comment by GoldNHillon May 29, 2014 8:41am
175 Views
Post# 22608958

RE:RE:As Expected...

RE:RE:As Expected...Interim Management Discussion And Analysis (Available on Sedar. Some highlights below.looks like they are trying to find some cash) For the nine-month period ended March 31, 2014 Since publication of the report initial discussions have commenced with potential financiers including specialist mining banks, sovereign wealth funds and other investors. Initial response has been favourable and more details will be released as appropriate. During the rest of the calendar year work will continue to progress Environmental work and additional detailed engineering work. I relish both the challenge and the opportunity offered by Orex as the Corporation moves toward the development phase. May 27, 2014 William McLucas President and CEO (Not much cash left) As at March 31, 2014, cash and cash equivalents amounted to $412,789 For the nine-month period ended March 31, 2014: The professional fees increased by $60,856 with the payment of professional fees to the new president and chief executive officer under a contract since September 2013 and the professional fees paid to the auditors for the financial statements of June 30, 2013. The information to shareholders increased by $55,887 following the numerous presentations made by the Corporation to investors, mining conventions and shareholders in North America and Europe. Let's hope that someone takes interest soon!
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