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 Keith Stein.
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 protected].
SOURCE: Oremex Silver Inc. Shareholders
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Kingsdale Communications Inc.