Company Continues to Ignore Shareholders
TORONTO, Nov. 11, 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 information circular for Oremex's upcoming special meeting of
shareholders to be held on November 26, 2013. As announced on November
8, 2013, the meeting will now be held at 10:00 AM EST at the office of
Heenan Blaikie LLP, 333 Bay Street, Suite 2900, Bay Adelaide Centre,
Toronto, Ontario, Canada. Cut-off for proxy voting will be 10:00 am EST
on November 22, 2013.
At the meeting, shareholders will be asked to vote on the election of
directors. The concerned shareholders have called for 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 which includes: Frank Högel, Allan Folk and
The proposed nominees possess the requisite board experience with
mineral resources issuers at various stages of the project development
lifecycle. 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 mining issuer.
"It is now time for a new independent board that can address governance
concerns, control company funds, and protect shareholder interests"
indicated Bernd Högel, president of Concept Capital Management Ltd.
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 email@example.com.
SOURCE: Oremex Silver Inc. Shareholders
For further information:
Kingsdale Communications Inc.