TORONTO, ONTARIO--(Marketwired - March 5, 2014) - Oremex Silver Inc. ("Oremex" or the "Company") reports that it has canceled its previous announced private placement with Global Resources Investments Ltd. ("GRIL"), see press release dated December 2, 2013.
The cancelation of the financing was consensual between GRIL and the Company and all shares issued will be returned to the treasury and cancelled.
In addition, the Company has decided not to proceed with the private placement originally announced December 20, 2013.
Oremex is a Canadian company focusing on the exploration and development of silver projects along a highly productive mineralized belt in Mexico. The Company has a portfolio of silver projects including a mineral resource of 50.8 million ounces of silver at its Tejamen deposit.
This news release may contain forward-looking statements that are subject to a number of known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those anticipated in our forward-looking statements. Factors that could cause such differences include: changes in world commodity markets, equity markets, costs and supply of materials relevant to the mining industry, change in government and changes to regulations affecting the mining industry. Forward-looking statements in this release include statements regarding future exploration programs, operation plans, geological interpretations, mineral tenure issues and mineral recovery processes. Although we believe the expectations reflected in our forward-looking statements are reasonable, results may vary, and we cannot guarantee future results, levels of activity, performance or achievements.
Neither 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.