Origen Resources
Source: DigiGeoData
  • Origen (ORGN) has closed the first tranche of a private placement for gross proceeds of $750,000
  • The company issued 3,000,000 units at $0.25 per unit, which included participation from members of the Advisory board
  • Origen expects to close the final tranche of the placement in the coming weeks
  • Origen is a mineral exploration company which focuses on generating, exploring and developing base and precious metal projects
  • Origen Resources Inc. (ORGN) opened trading at C$0.27 per share

Origen (ORGN) has closed the first tranche of a private placement for gross proceeds of $750,000.

The company issued 3,000,000 units at $0.25 per unit, which included participation from members of the Advisory board. Each unit consists of one common share plus one-half of one common share purchase warrant. Each full warrant is exercisable for a period of 18 months at $0.40.

Origen expects to close the final tranche of the placement in the coming weeks. All securities issued under the financing will be subject to a statutory hold period of four months.

About Origen

Origen is a mineral exploration company focused on exploring and developing base and precious metal projects. The company’s flagship assets include a 26,771-hectare land package in B.C.’s mineral-rich Golden Triangle, along with new lithium projects in Argentina and Newfoundland.

Origen Resources Inc. (ORGN) opened trading at C$0.27 per share.


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