Orex Update – Developing 3 projects
Gray Cope, CEO and President of Orex Minerals, sat with with us to provide an update on the company and what we can look forward to in 2014.
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Orex accepts the resignation of director Jukka Jokela and corporate secretary Linda Robertson, and has also ended its contract with investor relations consultant Patrice Nazareno. Orex thanks Jukka, Linda and Patrice for their service to the Company and wishes them all the best of luck in the future. Orex is also pleased to announce the appointment of Melissa Martensen as its new corporate secretary. (Marketwired – Jan. 17, 2014)
Things that make me go hmmm?
Thanks, Professor
Dilution of this type spells Management first shareholders a distant second in any junior, period.
Thanks Chris
I had a look at their financials…….looks about $2.8 mil cash in hand as of now.
Sorry Big One and Cory, Insider buying is good, but options are dilutive:
Latest 10 SEDI filings (by transaction date) for REX within the last 6 months [?]
Amended Filing Amended Filing
As of 11:59pm ET January 23rd, 2014
Filing
Date Transaction
Date Insider Name Ownership
Type Securities Nature of transaction # or value acquired or disposed of Price
Jan 23/14 Jan 22/14 Cope, Gary Gordon Indirect Ownership Common Shares 10 – Acquisition in the public market 500 $0.220
Jan 21/14 Jan 21/14 Cope, Gary Gordon Indirect Ownership Common Shares 10 – Acquisition in the public market 883,500 $0.220
Jan 20/14 Jan 17/14 Wilmot, Ross Direct Ownership Options 50 – Grant of options 200,000 $0.250
Jan 20/14 Jan 17/14 Freeze, Arthur Charles Direct Ownership Options 50 – Grant of options 200,000 $0.250
Jan 20/14 Jan 17/14 Drescher, Joseph Direct Ownership Options 50 – Grant of options 100,000 $0.250
Jan 20/14 Jan 17/14 Sayers, Richard Direct Ownership Options 50 – Grant of options 100,000 $0.250
Jan 20/14 Jan 17/14 Cope, Gary Gordon Direct Ownership Options 50 – Grant of options 400,000 $0.250
Jan 17/14 Jan 17/14 Cope, Gary Gordon Indirect Ownership Common Shares 10 – Acquisition in the public market 500 $0.205
Jan 13/14 Jan 13/14 Cope, Gary Gordon Indirect Ownership Common Shares 10 – Acquisition in the public market 1,000 $0.200
Jan 13/14 Jan 13/14 Cope, Gary Gordon Indirect Ownership Common Shares 10 – Acquisition in the public market 249,500 $0.205