Source: DigiGeoData
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  • 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.


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