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.


More From The Market Online

Western Alaska Minerals begins drilling in Alaska

Western Alaska Minerals (TSXV:WAM) begins drilling at its 100-per-cent-owned Illinois Creek property in Western Alaska.

Eric Sprott reduces exposure to TRU Precious Metals

Billionaire investor Eric Sprott allows 9 million warrants for shares of TRU Precious Metals (TSXV:TRU) to expire unexercised. 

Canadian uranium miner to commence Nunavut property exploration

Lexston Mining Corp. (CSE:LEXT) is about to begin its inaugural 2024 geological exploration program on its Itza uranium property in Nunavut.

How this junior is unlocking unprecedented potential in Alaska 

Freegold Ventures (TSX:FVL) is well-positioned to be a leader in the state of Alaska's gold mining sector and investors are paying attention.