/NOT FOR DISTRIBUTION TO UNITED STATES WIRE SERVICES OR DISSEMINATION IN
THE UNITED STATES/
TORONTO, March 22, 2013 /CNW/ - Oremex Silver Inc. ("Oremex" or the "Company") (TSX Venture: OAG) (OTCQX: ORAGF) (Frankfurt: OSI) announces it has voluntarily provided notice to the OTCQX ("QX") to
temporarily remove its shares from trading on the QX platform. The
company's shares will continue to trade on the OTC under the trading
symbol OTC PINK: ORAGF. The change will be effective upon the market
opening (10:00 am EST.) on March 22, 2013. This has no effect on the
company's listing on any other stock exchange. The company will
continue to trade as usual on the TSX Venture Exchange under the symbol OAG and on the Frankfurt Stock
Exchange under the symbol OSI.
The Company believes that, given the current trading volumes originating
from the United States, it can provide more cost-effective liquidity
for its U.S. shareholders by maintaining its listing on the OTC Pink
Sheets. The Company retains the option to reassess the potential of the
QX listing at any point in the future.
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 successful track record of
mine-building in Mexico.
Cautionary Note Regarding Forward-Looking Statements
Certain statements contained in this news release may constitute
forward-looking information, (collectively "forward-looking
information") within the meaning of Canadian securities laws.
Forward-looking information may relate to this news release and other
matters identified in Oremex's public filings, anticipated events or
results and can be identified by terminology such as "may", "will",
"would", "could", "should", "expect", "plan", "anticipate", "believe",
"intend", "estimate", "projects", "predict", "potential", "continue" or
other similar expressions concerning matters that are not historical
facts and include, but are not limited in any manner to, those with
respect to entering into definitive and binding agreements with respect
to financings, capital and operating expenditures, economic conditions,
availability of sufficient financing, receipt of approvals, the receipt
of exemptive relief from securities requirements, satisfaction of
closing conditions and any and all other timing, development,
operational, financial, economic, legal, regulatory and/or political
factors that may influence future events or conditions. Such
forward-looking statements are based on a number of material factors
and assumptions, including, but not limited in any manner, those
disclosed in any other public filings of Oremex, and include the
ultimate availability and final receipt of required approvals and/or
exemptive relief, the decision of third parties to consummate
definitive agreements with Oremex, sufficient working capital for
development and operations, access to adequate services and supplies,
availability of markets for products, commodity prices, foreign
currency exchange rates, interest rates, access to capital markets and
other sources of financing and associated cost of funds, availability
of a qualified work force, availability of manufacturing equipment, no
material changes to the tax and regulatory regime and the ultimate
ability to execute its business plan on economically favourable terms.
While we consider these assumptions to be reasonable based on
information currently available to us, they may prove to be incorrect.
Actual results may vary from such forward-looking information for a
variety of reasons, including but not limited to risks and
uncertainties disclosed in other Oremex Silver filings at www.sedar.com and other unforeseen events or circumstances. Other than as required by
law, Oremex Silver does not intend, and undertakes no obligation, to
update any forward looking information to reflect, among other things,
new information or future events.
Neither the TSX Venture nor its Regulation Service Provider (as that
term is defined in the policies of the TSX Venture) accepts
responsibility for the adequacy or accuracy of this release.
SOURCE: Oremex Silver Inc.
For further information:
Oremex Silver Inc.
P: +1 416.309.4321