TORONTO, Dec. 9, 2013 /CNW/ - Concerned shareholders of Oremex Silver
Inc. (Oremex or Company), led by Concept Capital Management Ltd. and
Sprott Asset Management LP, announced today that they have filed on
SEDAR an updated proxy circular for Oremex's upcoming annual general
meeting of shareholders to be held on December 31, 2013 at 10:00 a.m.
(Toronto time) at Wildeboer Dellelce Place 365 Bay St., Suite 800,
At the meeting, shareholders will be asked to vote on the election of
directors and appointment of auditors. The concerned shareholders have
called for the removal of all the current directors of Oremex due to
lack of adequate oversight and mismanagement, and are proposing a new
slate of fully independent nominees to the board of directors of Oremex
(the board), which is comprised of Frank Högel, Allan Folk and Keith
At the requisitioned meeting originally called by the Company and held
on November 26, 2013, the concerned shareholders received overwhelming
support for the election of the above-mentioned proposed nominees. Due
to the continuing pattern of questionable conduct by Oremex's
management, the concerned shareholders are currently in the process of
validating the results of that meeting in court. A court hearing has
been set for December 18, 2013 but the matter may not be resolved in a
timely manner before the December 31 meeting. To ensure that the
Company's management cannot continue with their evasive and
irresponsible actions through any additional delay tactics, the
concerned shareholders are seeking support again to send yet another
strong message to the Company's management.
The concerned shareholders are asking shareholders to support new
independent nominees to the board at the annual general meeting of
shareholders called by the Company on December 31, 2013.
Shareholders are urged to re-cast their votes in favour of the concerned
shareholders' nominees before Friday, December 27, 2013 at 8:00 a.m.
"It is evident that the shareholders agree with our nominees" indicated
Frank Högel, of Concept Capital Management Ltd. "Through their
cumulative board experience with public issuers and expertise in
corporate development, corporate governance, capital markets and
accounting, these nominees will be able to turn Oremex to a successful
If you experience any problems or require assistance voting your YELLOW form of proxy or voting instruction form, contact the concerned
shareholders' proxy solicitor, Kingsdale Shareholder Services Inc., at 1-800-775-1986 toll-free in
North America, or at 1-416-867-2272 outside of North America, or by email at firstname.lastname@example.org.
SOURCE: Oremex Silver Inc. Shareholders
For further information:
Kingsdale Communications Inc.