- 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.