Orex Exploration Inc. V.OX

As Expected...

[GoldNHill]

MONTREAL, CANADA, May 26, 2014 (Marketwired via COMTEX) -- OREX EXPLORATION INC. CA:OX -20.00% ("Orex" or "the Corporation") - The Corporation announces that it has extended to July 10, 2014 the proposed non-brokered private placement of units for a maximum amount of $500,000. Each unit will comprise one common share of the Corporation at a price of $0.05 and one whole common share purchase warrant, at an exercise price of $0.05 per share, valid for a three-year period. Insiders of the Corporation may subscribe for more than 25% of the offered units. The subscribed securities will be subject to a hold period of four months from the closing date. This private placement is subject to the final approval of the TSX Venture Exchange.

[just28]

Yep no surprise with this NR.... Could it be b/c nobody wants to invest in this Company due to our Management?!  Hummmmm......  

[GoldNHill]

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

[just28]

Financials have been posted on Sedar... Section 11 is the one who's pissing me off each time!!! Seeing those amounts paid to the Management for bad and or no results year after year is soooooooooooo frustrating!!! 11. RELATED PARTY TRANSACTIONS (continued) During the nine-month period ended March 31, 2014, the Corporation paid rental of equipment (core shack and wharehouse) of $48,000 ($48