Oremex Resources Announces Increased Private Placement

Oremex Resources Inc. (TSXV:ORM) announced that, due to high demand, it is increasing the size of its previously announced private placement of units, by approximately $250,000, to a total of $1,950,000.03.

The press release is quoted as saying:

Each unit will be offered at $0.09 and will be comprised of one share of Oremex and one-half of one share purchase warrant. Each whole warrant will be exercisable to purchase one share of Oremex, at a price of $0.14 per share, for a period of two years from the date of issuance.

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