Business
Oremex Announces Appointment of CFO
Oremex Announces Appointment of CFO.
About this update from Monarca Minerals Inc.
[{"type":"text","content":"\n\n\n\n\nVANCOUVER, Aug. 31 /CNW/ - Oremex Resources Inc. (TSX-V: ORM) (the\n\"Company\") is pleased to announce the appointment of Chuck Jenkins, BA, CGA,\nas Chief Financial Officer of the Company, effective September 5, 2006. Mr.\nJenkins has held senior financial positions with Canadian publicly-traded\ncompanies. He has also worked in a corporate finance and regulatory compliance\ncapacity with three leading brokerage firms and served in a senior role with\nthe BC Securities Commission. Mr. Jenkins obtained his BA in 1977 and has held\nhis CGA designation since 1983.\n\"Mr Jenkins brings a broad range and depth of experience in the\nsecurities, corporate compliance and corporate finance fields, and will be a\nvaluable addition to the Oremex team,\" stated Linda Thorstad, CEO.\nThe Company also announced the grant of 100,000 stock options to Mr.\nJenkins under the incentive option plan. The options are exercisable at a\nprice of $0.70 per share for a period of five years.\nMr. Jenkins replaces Mr. Don Smith, MBA, CA, who is leaving the Company\nto pursue other professional opportunities. Mr. Smith will remain available to\nthe Company on a consulting basis. The Board of Directors thanks Mr. Smith for\nhis service.\nThe Company's most advanced projects are the Tejamen silver property and\nthe San Lucas polymetallic property, both located in Mexico. An independent\nresource study (NI 43-101 compliant) concluded that the Tejamen property\ncontains a silver-equivalent resource of 50.8 million ounces in a total of\n22.6 million tonnes, grading a silver-equivalent of 2.25 ounces per tonne\n(69.8 grams per tonne). The independent preliminary assessment is expected to\nbe completed by the end of September, 2006.\n\nThe TSX Venture Exchange has not reviewed or does not accept\nresponsibility for the adequacy or accuracy of this release. This news release\nmay contain forward-looking statements including but not limited to comments\nregarding the timing and content of upcoming work programs, geological\ninterpretations, receipt of property titles, potential mineral recovery\nprocesses, etc. Forward-looking statements address future events and\nconditions and, therefore, involve inherent risks and uncertainties. Actual\nresults may differ materially from those currently anticipated in such\nstatements.\n\n\n\n","length":2374,"tagName"...