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Oremex Silver Inc. (TSXV:OAG) (OTCQX: ORAGF) announced that it has closed the first tranche of the non-brokered private placement that had been announced Oct 1.

Oremex Silver Inc. (TSXV:OAG, OTCQX: ORAGF) announced that it has closed the first tranche of the non-brokered private placement that had been announced Oct 1.

As quoted in the press release:

The first tranche of the Private Placement raised gross proceeds of $318,850 through the issue of 5,314,166 units of the Company ,each Share Unit consisting of one common share and one common share purchase warrant at a purchase price of $0.06 per Share Unit. Each Warrant is exercisable into Shares at a price of $0.10 per Share, expiring in five (5) years from the date of issue.

To view the whole release, click here.

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