Orex Minerals Inc. (TSXV:REX) announced a private placement to issue up to 10,000,000 units at issue price of CAD 0.10 per unit for gross proceeds of CAD 1,000,000 on November 8, 2019. The transaction may include participation from insiders of the company. Each unit consists of one common share and one half warrant. Each warrant can be exercised to purchase one common share at an exercisable price of CAD 0.15 per share for a period of two years from the closing of the transaction. The transaction is expected to close on November 19, 2019. The transaction is subject to approval from TSX Venture Exchange. All the securities issued in the transaction is subject to a hold period of four month and one day from the closing of the transaction.