Business
Origen Closes Second Tranche of Financing
Vancouver, British Columbia--(Newsfile Corp. - September 29, 2025) - Origen Resources Inc. (CSE: ORGN) (FSE: 4VXA) (the "Company") is pleased to announce that it has closed the second and final tranche of its non-brokered private placement ("Financing") raising an additional total $115,000.The Company issued 2,300,000 units ("Units") at a price of $0.05 per Unit for gross proceeds of $115,000. Each Unit is comprised of one Share and one-half share purchase warrant (each whole, a "Warrant"). ...
About this update from Origen Resources Inc
[{"type":"text","content":"Vancouver, British Columbia--(Newsfile Corp. - September 29, 2025) - Origen Resources Inc. (CSE: ORGN) (FSE: 4VXA) (the "Company") is pleased to announce that it has closed the second and final tranche of its non-brokered private placement ("Financing") raising an additional total $115,000.","length":311,"tagName":"p"},{"type":"text","content":"The Company issued 2,300,000 units ("Units") at a price of $0.05 per Unit for gross proceeds of $115,000. Each Unit is comprised of one Share and one-half share purchase warrant (each whole, a "Warrant"). Each Warrant entitles the holder to acquire one additional Share in the capital of the Company at a price of $0.075 per Share for a period of 18 months from the date of issuance.","length":403,"tagName":"p"},{"type":"text","content":"The Company paid finder's fees totalling $1,750 in connection with this portion of the Financing to eligible arm's length finders in accordance with CSE policies and applicable securities laws.","length":201,"tagName":"p"},{"type":"text","content":"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 second 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.","length":585,"tagName":"p"},{"type":"text","content":"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.","length":539,"tagName":"p"},{"type":"text","content":"None of the securities sold in connection with the ...