Origen Closes First Tranche of Financing
Origen Resources (CSE: ORGN) has completed the first tranche of its non-brokered private placement, raising $478,875 through the issuance of 9,577,500 units at $0.05 per unit. Each unit consists of one share and a half-warrant, with each whole warrant exercisable at $0.075 per share for 18 months.
The company paid $4,550 in finder's fees and expects to close the second tranche shortly. The proceeds will fund working capital needs, including management fee payments and exploration activities. The securities are subject to a four-month hold period, and certain company insiders participated in the financing.
Origen Resources (CSE: ORGN) ha completato la prima tranche della sua sottoscrizione privata senza intermediari, raccogliendo $478.875 attraverso l'emissione di 9.577.500 unit脿 a $0,05 ciascuna. Ogni unit脿 猫 composta da una azione e da un mezzo warrant; ogni warrant intero 猫 esercitabile a $0,075 per azione per 18 mesi.
La societ脿 ha pagato $4.550 in commissioni ai collocatori e prevede di chiudere a breve la seconda tranche. I proventi saranno utilizzati per il capitale circolante, inclusi pagamenti delle commissioni di gestione e attivit脿 di esplorazione. I titoli sono soggetti a un periodo di blocco di quattro mesi e alcuni dirigenti della societ脿 hanno partecipato al finanziamento.
Origen Resources (CSE: ORGN) ha completado la primera tranche de su colocaci贸n privada sin intermediarios, recaudando $478,875 mediante la emisi贸n de 9,577,500 unidades a $0.05 por unidad. Cada unidad consta de una acci贸n y medio warrant; cada warrant completo es ejercible a $0.075 por acci贸n durante 18 meses.
La compa帽铆a pag贸 $4,550 en honorarios de buscadores y espera cerrar pronto la segunda tranche. Los fondos se destinar谩n a necesidades de capital de trabajo, incluidos pagos de honorarios de administraci贸n y actividades de exploraci贸n. Los valores est谩n sujetos a un periodo de retenci贸n de cuatro meses y ciertos directivos de la empresa participaron en la financiaci贸n.
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Origen Resources (CSE: ORGN) a r茅alis茅 la premi猫re tranche de son placement priv茅 sans courtier, levant $478,875 par l'茅mission de 9,577,500 unit茅s 脿 $0.05 l'unit茅. Chaque unit茅 comprend une action et un demi-warrant ; chaque warrant entier est exer莽able 脿 $0.075 par action pendant 18 mois.
La soci茅t茅 a vers茅 $4,550 en frais d'apporteurs et s'attend 脿 cl么turer prochainement la deuxi猫me tranche. Les fonds serviront aux besoins en fonds de roulement, y compris le paiement des frais de gestion et les activit茅s d'exploration. Les titres sont soumis 脿 une p茅riode de blocage de quatre mois et certains dirigeants de la soci茅t茅 ont particip茅 au financement.
Origen Resources (CSE: ORGN) hat die erste Tranche seiner nicht 眉ber einen Broker abgewickelten Privatplatzierung abgeschlossen und dabei $478.875 durch die Ausgabe von 9.577.500 Einheiten zu je $0,05 pro Einheit aufgenommen. Jede Einheit besteht aus einer Aktie und einem halben Warrant; ein vollst盲ndiger Warrant ist f眉r 18 Monate zum Preis von $0,075 pro Aktie 补耻蝉眉产产补谤.
Das Unternehmen zahlte $4.550 an Vermittlungsgeb眉hren und erwartet den zeitnahen Abschluss der zweiten Tranche. Die Mittel werden zur Deckung des Betriebskapitals verwendet, einschlie脽lich Managementgeb眉hren und Explorationsaktivit盲ten. Die Wertpapiere unterliegen einer Viermonats-Sperrfrist, und bestimmte Unternehmensinsider beteiligten sich an der Finanzierung.
- Successfully raised $478,875 in first tranche financing
- Insider participation demonstrates management confidence
- Additional funding expected from second tranche closing
- Significant dilution with 9,577,500 new units issued
- Low unit price of $0.05 indicates potential financial pressure
- Funds partially used for outstanding management fees rather than pure growth initiatives
Vancouver, British Columbia--(Newsfile Corp. - August 29, 2025) - Origen Resources Inc. (CSE: ORGN) (FSE: 4VXA) (the "Company") is pleased to announce that it has closed the first tranche of its non-brokered private placement ("Financing") raising a total of
The Company issued 9,577,500 units ("Units") at a price of
The Company paid finder's fees totalling
All securities issued in connection with the Financing were issued pursuant to one or more prospectus exemptions available to the Company and are subject to a statutory hold period of four months and one day from the date of issuance as required under applicable securities laws. Closing of the first tranche of the Financing was subject to customary closing conditions that include applicable CSE filings and approvals. The net proceeds of the Offering will be used for general working capital, including certain payments of outstanding management fees, and exploration expenditures.
Certain insiders of the Company purchased Units under the Financing, which participation constituted a related-party transaction, as defined under Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions. The issuance of Units to insiders is exempt from the formal valuation requirements of Section 5.4 of MI 61-101, pursuant to Subsection 5.5(a) of MI 61-101, and exempt from the minority shareholder approval requirements of Section 5.6 of MI 61-101, pursuant to Subsection 5.7(1)(a) of MI 61-101.
None of the securities sold in connection with the Financing will be registered under the United States Securities Act of 1933, as amended, and no such securities may be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.
About Origen
Origen is fully focused on its
Thomas Hawkins, P.Geo., a director of the Company and a Qualified Person as that term is defined in NI 43-101 has prepared, supervised the preparation or approved the scientific and technical disclosure in the news release.
On behalf of Origen,
Gary Schellenberg
CEO and Director
For further information please contact [email protected]
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this press release.
Certain of the statements made and information contained herein may constitute "forward-looking information." In particular, references to timing for closing of the second tranche of the Financing, project generation and possible results thereof, and future work programs or expectations on the quality or results of such work programs are subject to risks associated with obtaining financing, operations on the property, exploration activity generally, equipment limitations and availability, as well as other risks that we may not be currently aware of. Accordingly, readers are advised not to place undue reliance on forward-looking information. Except as required under applicable securities legislation, the Company undertakes no obligation to publicly update or revise forward-looking information, whether as a result of new information, future events or otherwise.
To view the source version of this press release, please visit
FAQ
How much did Origen Resources (OGGNF) raise in its first tranche financing?
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Did insiders participate in Origen Resources' August 2025 private placement?
