TORONTO, ONTARIO--(Marketwired - Nov. 26, 2013) - Oremex Silver (TSX VENTURE:OAG) (the "Company") wishes to respond to the press release issued today by Concept Capital Management (CCM).
The meeting and consequent actions indicated in the CCM press release have no legal force or effect. The Company has duly convened its Annual General Meeting of shareholders (the "Meeting") to be held at 10:00 am on Tuesday, December 31, 2013 at Wildeboer Dellelce Place, 365 Bay St., Suite 800, Toronto, Ontario. The related proxy materials and management information circular will be provided to shareholders on or prior to the week of December 6, 2013, in accordance with prescribed timelines.
The current board of directors of the Company is comprised of John Carlesso, Keith Minty and Rod Prat, who will serve as directors of the Company and will be the nominees proposed by management for re-election at the Meeting. As previously stated, in the event that CCM wishes to propose alternative nominees, they can attend the Meeting for such purpose.
The Company originally convened an annual and special meeting of shareholders prior to the receipt of a shareholder requisition by the directors of the Company and which requisition was also publically announced by CCM. In accordance with applicable law, the Company was and is under no obligation to convene another meeting in response to this requisition. All shareholders are afforded equal opportunity to vote their proxies at the legal and properly called meeting.
The Company is considering its options in response to the ongoing attempts by CCM to mislead shareholders and intends to respond to the various recent statements and allegations made by CCM in due course.
About Oremex Silver Inc.
Oremex is a Canadian company focusing on the exploration and development of silver projects along the highly productive mineralized belt in Mexico. The Company has a portfolio of silver projects including a mineral resource of 50.8 million ounces of silver at its Tejamen deposit. The Company's projects are located in mining-friendly jurisdictions and the management team has a successful track record of mine-building in Mexico.