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Enter Symbol
or Name
USA
CA



Dorex Minerals Inc (2)
Symbol DOX
Shares Issued 52,176,867
Close 2017-05-18 C$ 0.015
Market Cap C$ 782,653
Recent Sedar Documents

ORIGINAL: Dorex increases unit price of placement to 11 cents

2017-05-29 07:09 ET - News Release

Received by email:

File: 43624227_3.doc

DOREX MINERALS INC.
Suite 3002 - 1211 Melville Street
Vancouver, B.C.
V6E 07A

May 27, 2017              TSX-V: DOX 

NEWS RELEASE

UPDATE ON DOREX SHARE CONSOLIDATION AND PRIVATE PLACEMENT

Vancouver British Columbia -  Dorex Minerals Inc. (the "Company") announces an update to its May 8, 2017 news release 
--->regarding the proposed share consolidation of up to 10:1 and the proposed private placement, as follows:

Share Consolidation
The Company has applied to the TSXV for approval to undertake a share consolidation of 10:1 prior to the closing of th
--->e proposed private placement described below.  The share consolidation is still subject to TSX Venture Exchange approv
--->al.  

Private Placement
The Company announces that, further to the proposed Private Placement issuance of 7,000,000 post-consolidation shares,
---> the offering price of the shares on a post-consolidated basis has been increased to $0.11 per share and the increase 
--->of the financing to an amount of up to $770,000 through a non-brokered private placement, which may be closed in tranc
--->hes.  The shares under the offering will be subject to a four month hold period.  The Company may pay a finder's fee o
--->n the financing or a portion of the financing.  Both the financing and the finder's fee remain subject to TSX Venture 
--->Exchange acceptance.  The proceeds are intended to be used to fund ongoing operations and for working capital purposes
--->.  The private placement is subject to the completion of the share consolidation.


On Behalf of the Board of DOREX MINERALS INC. 

Signed: "Julius Galik" 

Julius Galik, President and CEO 

This news release contains "forward-looking statements" and "forward looking information" (as defined under applicable
---> securities laws), including but not limited to, statements with respect to completion of the changes to the board of 
--->directors, the consolidation and private placement,including receipt of TSX Venture Exchange approvals, the Company's 
--->plans with respect to the use of proceeds from the private placement and business plans. Generally, these forward-look
--->ing statements can be identified by the use of forward-looking terminology such as "expects", "expected", "budgeted", 
--->"forecasts" and "anticipates". Forward-looking statements and information, while based on management's best estimates 
--->and assumptions, are subject to risks and uncertainties that may cause actual results to be materially different from 
--->those expressed or implied by such forward-looking statements, including but not limited to: risks related to the comp
--->letion of the change in board of directors, consolidation and private placement, including receipt of all necessary ap
--->provals. Although the Company has attempted to identify important factors that could cause actual results to differ ma
--->terially from those contained in forward-looking statements, there may be other factors that cause results not to be a
--->s anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as act
--->ual results and future events could differ materially from those anticipated in such statements. The forward-looking s
--->tatements and forward looking information are made as of the date hereof and the Company  disclaims any obligation to 
--->update any such factors or to publicly announce the result of any revisions to any of the forward-looking statements o
--->r forward looking information contained herein to reflect future results. Accordingly, readers should not place undue 
--->reliance on forward-looking statements and information.  Please refer to the Company's most recent filings under its p
--->rofile at www.sedar.com for further information respecting the risks affecting the Company and its business. 

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX 
--->Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.



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