VANCOUVER, BC, Sept. 19,
2024 /CNW/ - Orex Minerals Inc.
(TSXV: REX) (OTCQB: ORMNF) ("Orex" or the
"Company") is pleased to announce the appointment of
John Eren as Chief Executive Officer
(CEO) and member of the Board of Directors (the "Board") effective
immediately. The Company is also pleased to announce the
appointment of Chris Beltgens as a
member of the Board effective immediately.
John Eren is a corporate
development executive with 20 years of experience financing premier
resource companies and has been instrumental in the raising of
considerable risk capital for Canadian and US publicly listed
companies.
Chris Beltgens has over 15 years
of investment, business development and corporate finance
experience and he currently serves as President and Director of
Somerset Energy Partners, a private Texas focused oil production company.
Orex Chairman Adam Cegielski
notes: Both John Eren and
Chris Beltgens bring a wealth of
strategic proficiency and leadership acumen to Orex. John has had
tremendous success with junior resource companies, raising
significant capital and directing very effective business
development strategies. Chris brings significant corporate strategy
and capital markets experience to the team. The Board looks forward
to collaborating with them both to drive value for Orex
shareholders."
Mr. John Eren – Professional
Biography
From 2020 to 2023 Eren served as VP Corporate Development at
Gold Line Resources Ltd. which was acquired by Barsele Minerals
Corp. (now First Nordic Metals Corp.). From 2016 to 2019 Eren
served as a corporate development executive for Crystal Exploration
Inc., the shell company that subsequently became Thesis Gold
Inc.
From 2004-2016, Eren also spent 12 years as a senior member of
Universal Mineral Services team. The company founded four publicly
listed junior mining resource companies and Eren was responsible
for the development, implementation and execution of investor
relations and corporate development strategies. During this time
period, Eren served as: Head of Business Development, Eurasia, for
Auryn Resources ("Auryn", now Fury Gold Mines Ltd.); General
Manager and Director of Akkese Madencilik Ltd. (Turkish-based
subsidiary mining company of Auryn); Vice President of Investor
Relations at Keegan Resources Inc. / Asanko Gold Inc. (now Galiano
Gold Inc.); Investor Relations Manager at Cayden Resources
(acquired by Agnico Eagle Mines Ltd. for $205M) and Stratton Resources Inc. (now Torq
Resources Inc.). Eren holds an HBA in Economics from Laurentian University.
Mr. Chris Beltgens –
Professional Biography
Since March 2021 Mr. Beltgens has
been President and Director of Somerset Energy Partners, a private
south Texas focused oil production
company with plans to go public in 2024. From April 2016 to January
2023, he was the Vice President of Corporate Development for
TAG Oil Ltd., a TSX listed international production oil & gas
company. From 2013 to 2016, he was Corporate Development Manager
for East West Petroleum Corp., a TSX listed oil and gas company.
Mr. Beltgens previously spent six years in London working in investment banking covering
international oil and gas exploration and production companies and
where he assisted in raising capital for the sector. In 2007, Mr.
Beltgens joined the London office
of Tristone Capital, an energy-focused boutique investment bank
based in Calgary. Following the
acquisition of Tristone Capital by Macquarie Bank in 2009 until
2013, Mr. Beltgens worked as an Associate in Corporate Finance with
GMP Securities as part of the newly formed energy team. He has
worked on a number of mandates for international E&P companies
(exploration and production), including IPOs, secondary financings,
and providing strategic advice at both the corporate and asset
level.
Beltgens is currently an independent director for Kingfisher
Metals Corp. (TSXV: KFR), Chief Financial Officer of Cranstown
Capital Corp. (TSXV: CRAN), and a director of Intertidal Capital
Corp. (TSXV: TIDE). He has previously served as a director and
executive officer for Seashore Resource Partners Corp. (TSX: SSH),
Foreshore Exploration Partners Corp. (TSXV: FORE) and Seaside
Exploration Partners Corp. (TSXV: SSX). Mr. Beltgens has completed
the CFA program, received an MBA from the University of Toronto and a Bachelor of Science
degree from the University of
Victoria.
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 Valenciana Gold-Silver-Base
Metals Project in Zacatecas State, Mexico. The fourth 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/ Adam
Cegielski
Adam
Cegielski
Chairman of the Board
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accuracy of this release.
SOURCE Orex Minerals Inc.
