Oremex Reports Results of Annual Meeting
/NOT FOR DISTRIBUTION TO UNITED STATES WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/
TORONTO, June 29, 2012 /CNW/ - Oremex Silver Inc. (TSXV: OAG) (OTCQX: ORAGF) (FRANKFURT: OSI) (the "Company") today announced the results of its annual and special meeting (the "Meeting") held on June 29, 2012.
The shareholders re-elected John Carlesso, Chris Marcus, David William Prins, Michael R. Smith and David A. Terry to serve as directors of the Company. The shareholders re-appointed McGovern, Hurley, Cunningham, LLP as the Company's auditors and authorized the directors to fix the auditors' remuneration. The shareholders approved a special resolution authorizing the Company to reduce the stated capital of the common shares of the Company to $10 million or such other amount as may be determined by the board of directors of the Company. A resolution re-approving and confirming the stock option plan of the Company was not approved by a majority of shareholders represented at the Meeting.
About Oremex Silver Inc.
Oremex Silver Inc. 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.
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