- 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.