Dec 23 (Reuters) - Orex Exploration Inc OX.V :
* New director and private placement
* Says intends to proceed with a non-brokered private placement of units for a
maximum amount of $1.5 million
* Says each unit is composed of one common share of Orex at a price of $0.05
* Proceeds of the private placement will be used by Orex for exploration on its
goldboro gold project and for the cash flow
* Source text for Eikon
* Further company coverage OX.V