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Orogen Royalties Announces Non-Brokered Private Placement of up to $10 Million
VANCOUVER, BC / ACCESS Newswire / March 12, 2026 / (TSXV:OGN)(OTCQB:OGNNF) Orogen Royalties ...
About this update from Orogen Royalties Incorporation
[{"type":"text","content":"Orogen Royalties Announces Non-Brokered Private Placement of up to $10 MillionVANCOUVER, BC / ACCESS Newswire / March 12, 2026 / (TSXV:OGN)(OTCQB:OGNNF) Orogen Royalties Inc. (\"Orogen\" or the \"Company\") is pleased to announce it intends to raise up to $10,000,000 by way of a non-brokered private placement consisting of issuing up to 2,890,274 common shares (\"Common Shares\") of the Company at a price of $3.46 per Common Share (the \"Private Placement\").The proceeds from the Private Placement will be directed toward developing generative exploration initiatives, executing potential royalty acquisitions, and strengthening the Company's working capital to support its ongoing growth strategy.Certain directors and officers of the Company may acquire securities under the Private Placement. Any such participation would be considered to be a \"related party transaction\" as defined under Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions (\"MI 61-101\"). Such participation will be exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 as neither the fair market value of any Common Shares issued to or the consideration paid by such persons will exceed 25% of the Company's market capitalization.The Company may pay a finder's fee in connection with the Private Placement, as determined by mutual agreement between the Company and the finders and subject to the approval of the TSX Venture Exchange (the \"Exchange\"). The finders' fee will consist of a 5% cash fee for Common Shares sold to investors introduced by such finders.All Common Shares issued pursuant to the Private Placement will be subject to a four (4) month hold period under applicable securities laws in Canada and applicable securities legislation hold periods outside of Canada from the closing date. The Company anticipates closing of the Private Placement within approximately three to four weeks from the date hereof and will be subject to receipt of all necessary regulatory approvals, including the approval of the Exchange. There can be no assurance that the Private Placement will be completed as proposed or at all.This news release does not constitute an offer to sell or solicitation of an offer to sell any securities in the United States. The securities have not been and will not be regist...