13:43:52 EDT Mon 20 May 2024
Enter Symbol
or Name
USA
CA



Oremex Gold Inc
Symbol OAU
Shares Issued 34,855,950
Close 2011-10-07 C$ 0.14
Market Cap C$ 4,879,833
Recent Sedar Documents

Oremex Gold, Oro Mining property agreement

2011-10-07 19:35 ET - Property Agreement

The TSX Venture Exchange has accepted for filing documentation pertaining to an letter agreement dated as of Sept. 21, 2011, between Oremex Gold Inc. and Oro Mining Ltd., a TSX Venture Exchange-listed company, whereby the company may acquire up to an undivided 75-per-cent interest in certain mineral claims, located in the Concordia region of Sinaloa state, Mexico.

Under the terms of the agreement, the company will earn a 75-per-cent interest in the Gausima project by making total cash payments of $317,000, issuing 1.11 million common shares and incurring $4,275,000 in exploration expenditures on or before Dec. 1, 2015.

Under the terms of the agreement, the company will earn a 75-per-cent interest in the Concordia project by making total cash payments of $463,000 and issuing 1,665,000 common shares on or before Dec. 1, 2015.

For further details, please refer to the company's news release dated Sept. 26, 2011.

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