Origen Resources
Source: DigiGeoData
  • Origen Resources (ORGN) has closed the first tranche of a flow-through private placement for gross proceeds of $480,000
  • Under the first tranche, the company issued 1,600,000 flow-through units at $0.30 per unit
  • The final tranche of the offering will be closed in the coming days
  • Origen is an exploration company focused on acquiring and advancing base metal, precious metal and lithium properties
  • Origen Resources (ORGN) opened trading at C$0.24

Origen Resources (ORGN) has closed the first tranche of a flow-through private placement for gross proceeds of $480,000.

Under the first tranche, the company issued 1,600,000 flow-through units at $0.30 per unit. Each unit consists of one flow-through share plus one half of one share purchase warrant. Each full warrant can be exercised to acquire an additional share for a two year period.

The final tranche of the offering will be closed in the coming days.

The securities issued under the financing have a hold period of four months.

Origen is an exploration company focused on acquiring and advancing base metal, precious metal and lithium properties.

Origen Resources (ORGN) opened trading at C$0.24.


More From The Market Online

Organigram looks to raise capital as cannabis stocks surge

Organigram (TSX:OGI), one of Canada's first cannabis stocks, announces an overnight marketed public offering of units for up to C$25 million.

Alamos and Argonaut merge to create one of Canada’s largest gold mines

Alamos Gold (TSX:AGI) announces it will acquire all of the issued and outstanding shares of Argonaut Gold (TSX:AR) in a friendly takeover.