BRIEF-Orex to offer $1.25-$1.5 mln in private placement
Sept 7 (Reuters) - Orex Exploration Inc
* Orex exploration inc.: announcement of project of private placement of units for a minimum of $1.25 million and maximum of $1.5 million
* Intent to proceed with a non-brokered private placement for a minimum amount of $1.2 million and a maximum amount of $1.5 million
* Proceeds from subscriptions to be used to establish revised mine development plan, undertake supplementary exploration program on Goldboro property
* Intent to proceed with non-brokered private placement for a minimum amount of 25 million units and a maximum amount of 30 million units
* All securities of Orex to be issued under private placement will be subject to hold period of four months from each closing date Source text for Eikon: Further company coverage: [ ]
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