Robert L. Gipson

August 01, 2014 14:12 ET

Early Warning Report Regarding Purchase of Common Shares of Orex Minerals Inc. by Robert L. Gipson

NEW YORK, NEW YORK--(Marketwired - Aug. 1, 2014) - Robert L. Gipson announces that, on July 31, 2014, he acquired beneficial ownership of 3,000,000 common shares (the "Shares") of Orex Minerals Inc. ("Orex"), representing approximately 3.24% of the issued and outstanding common shares of Orex. Mr. Gipson also owns 3,000,000 warrants exercisable to acquire an additional 3,000,000 common shares of Orex.

If Mr. Gipson were to exercise all of the warrants, Mr. Gipson would then beneficially own 12,000,000 common shares of Orex, representing approximately 12.54% of the issued and outstanding shares, assuming no other convertible securities of Orex held by persons other than Mr. Gipson, are exercised.

Mr. Gipson acquired beneficial ownership of the Shares through the facilities of Pure Trading for cash consideration of $0.295 per Share, or approximately $885,000 in aggregate. The Shares were acquired and will be held as passive investments. Mr. Gipson may, depending on market and other conditions, increase or decrease his beneficial ownership of Orex's securities, whether in the open market, by privately negotiated agreements or otherwise.

A copy of the related early warning report (the "Report") to be filed with the applicable securities commissions may be obtained from the SEDAR website (www.sedar.com) under the profile for Orex.

For further information or to obtain a copy of the Report, please contact the Mr. Gipson.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Robert L. Gipson
    c/o Ingalls & Snyder LLC
    1325 Avenue of the Americas
    New York, NY 10019 USA
    Telephone: 212.269.7897
    Attention: Thomas Boucher