Business
Orex Shareholders, Optionholders and Warrantholders Vote in Favour of the Plan of Arrangement between Orex and Barsele Minerals Corp. and Approve All Annual Matters
Orex Shareholders, Optionholders and Warrantholders Vote in Favour of the Plan of Arrangem...
About this update from Orex Minerals Inc.
[{"type":"text","content":"\n\n\n\nOrex Shareholders, Optionholders and Warrantholders Vote in Favour of the Plan of Arrangement between Orex and Barsele Minerals Corp. and Approve All Annual Matters\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nOrex Shareholders, Optionholders and Warrantholders Vote in Favour of the Plan of Arrangement between Orex and Barsele Minerals Corp. and Approve All Annual Matters\nCanada NewsWire\nVANCOUVER, Sept. 23, 2015\n\n\n\nTSX Venture ExchangeTrading Symbol: REX\n\n\n\nVANCOUVER, Sept. 23, 2015 /CNW/ - Orex Minerals Inc. – (REX: TSX-V) (\"Orex\") is pleased to announce that Orex's shareholders (the \"Shareholders\"), optionholders (the \"Optionholders\") and warrantholders (the \"Warrantholders\" and together with the Shareholders and Optionholders, the \"Orex Securityholders\") have voted today at the annual and special meeting of Orex Securityholders (the \"Meeting\") to approve the previously announced plan of arrangement (the \"Arrangement\") between Orex and Barsele Minerals Corp. (\"Barsele\"), Orex's wholly-owned subsidiary. The Arrangement was approved by 99.87% of the votes cast by Shareholders and Optionholders, voting together as a single class, and 100% of the votes cast by Warrantholders, voting as a single class, at the Meeting. Additionally, all annual matters that were put before Shareholders at the Meeting were approved. In particular, Orex is pleased to announce the re-election of Gary Cope, Ross Wilmot, William Henry White, Arthur Freeze and Rick Sayers to its board of directors and the reappointment of Davidson & Company LLP as Orex's auditor for the ensuing year. Orex also received Shareholder approval for the adoption of rolling stock option plans for each of Orex and Barsele for use immediately upon completion of the Arrangement.\n\nGary Cope, President of Orex, said \"We are pleased that Orex's Securityholders have overwhelmingly approved the Arrangement. In a difficult market for resource issuers, Orex has pursued the spinout of the Barsele Project and the separation of Orex's mineral assets as a means of increasing Sharehold...