Business
Evrim Resources and Renaissance Gold announce completion of Merger and Creation of Orogen
Evrim Resources and Renaissance Gold announce completion of Merger and Creation of Orogen ...
About this update from Orogen Royalties Incorporation
[{"type":"text","content":"\n\n\n\nEvrim Resources and Renaissance Gold announce completion of Merger and Creation of Orogen\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\n\nCanada NewsWire\nVANCOUVER, BC, Aug. 18, 2020\n\n\n\nVANCOUVER, BC, Aug. 18, 2020 /CNW/ - Evrim Resources Corp. (TSX.V: EVM) (\"Evrim\" or the \"Company\") and Renaissance Gold Inc. (TSX-V: REN) (OTCQB: RNSGF) (\"Renaissance\") are pleased to announce the completion of the previously announced merger-of-equals (the \"Transaction\") in which Evrim acquired all of the outstanding common shares of Renaissance through a share exchange transaction pursuant to a plan of arrangement (the \"Arrangement\").  \n\n \n \n \n \n \n \n\n \nConcurrently with the completion of the Arrangement Evrim changed its name to \"Orogen Royalties Inc.\" (\"Orogen\"). Orogen will begin trading on the TSX Venture Exchange under the symbol \"OGN\" on August 20, 2020.\nAs part of the Transaction, Robert Felder and Tim Janke, former directors of Renaissance, have joined the Board of Directors of the Company and Paddy Nicol and John Thompson have resigned as directors. Paddy Nicol remains the President and CEO of Orogen and Robert Felder, the former CEO of Renaissance, will take on the role of Senior Vice President of Orogen.\nOrogen's Mission and Strategy\nOrogen's mission is to create and acquire precious metal royalties using its strengths as a prospect generator as well as its established business relationships across the mining industry. Organic royalty generation will be driven by existing joint ventures and alliances and through generative exploration that leads to new opportunities to create value for Orogen's shareholders and its exploration partners, the hallmarks of each of Evrim and Renaissance prior to the Transaction. Strategic royalty acquisition will be supported by Orogen's industry knowledge and geological expertise in critical types of deposits.\nUnderpinning Orogen's strategic royalty focus are two organically created cornerstone assets: (i) a 2% net smelter return royalty (\"NSR\") on the Ermit...