/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.
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