VANCOUVER, BC, Dec. 22, 2021 /CNW/ - Orex Minerals
Inc. (TSXV: REX) (OTCQB: ORMNF) (the "Company" or
"Orex") announces that it has granted an aggregate of
3,600,000 incentive stock options to directors, officers, and
consultants to purchase up to 3,600,000 common shares in the
capital of Orex. The incentive stock options have an exercise price
of $0.10 per share, expire five years
from the date of grant, and vest immediately. As a result of this
option grant, Orex has 12,500,000 stock options outstanding,
representing 6.7% of the issued and outstanding share capital of
the Company.
ABOUT OREX MINERALS INC.
Orex Minerals Inc. is a mineral exploration company focused on
precious and base metals exploration in Mexico and Canada. Orex has several current projects: Two
projects are 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 Jumping Josephine Gold
Project in British Columbia,
Canada. Orex is managed by the experienced Belcarra Group
Management Ltd. (the "Belcarra Group"), comprised of highly
qualified mining professionals.
ON BEHALF OF THE BOARD OF DIRECTORS
/s/ Ben
Whiting
Ben
Whiting
President
The Canadian Venture Exchange has not reviewed and does not
accept responsibility for the adequacy or accuracy of the content
of this press release.
View original
content:https://www.prnewswire.com/news-releases/orex-announces-grant-of-options-301450217.html
SOURCE Orex Minerals Inc.