Early Warning News Release - Origen Resources Inc.
CREST RESOURCES INC.
EARLY WARNING NEWS RELEASE ISSUED PURSUANT TO NI 62-103
DISPOSITION OF COMMON SHARES OF ORIGEN RESOURCES INC.
Vancouver, B.C. – August 30, 2023 – This news release is being disseminated by Crest Resources Inc.
(CSE: CRES) (“Crest”) pursuant to National Instrument 62-103, The Early Warning System and Related
Take-Over Bid and Insider Reporting Issues, in connection with the disposition of certain common shares
(the “Common Shares”) of Origen Resources Inc. (the “Issuer”), a British Columbia corporation whose
common shares are listed for trading on the Canadian Securities Exchange under the symbol “ORGN”.
On August 29, 2023 Crest dispos ed of a total of 2,732,000 Common Shares of the I ssuer through the
facilities of the CSE at an average price of $0.0770 per Common Share for total consideration of
approximately $210,364 (the “Transaction”). This disposition exceeded 2% of the issued and outstanding
Common Shares of the Issuer and triggered the requirement to file this report.
Prior to the Transaction, Crest owned and controlled 7,132,000 Common Shares representing 16.05% of
the issued and outstanding Common Shares of the Issuer based on a total of 44,452,654 Common Shares
outstanding as of August 29, 2023
Subsequent to the Transaction, Crest owns and controls 4,400,000 Common Shares representing 9.90% of
the issued and outstanding Common Shares of the Issuer based on a total of 44,452,654 Common Shares
outstanding as of August 29, 2023.
Crest disposed of the Common Shares for investment purposes and in accordance with applicable securities
laws. Crest may, from time to time, acquire and/or dispose of additional Common Shares and/or other
equity, debt or other securities or instruments (collectively, “ Securities”) of the Issuer in the open market
or otherwise, and reserves the right, subject to applicable securities law, to dispose of any or all of its
Securities in the open market or otherwise at any time and from time to time, and to engage in similar
transactions with respect to the Securities, the whole depending on market conditions, the business and
prospects of the Issuer and other relevant factors.
A copy of the early warning report dated August 30, 2023 to be filed by Crest in connection with the
disposition of the Common Shares of the Issuer will be available on SEDAR at www.sedar.com under the
Issuer’s profile. Copies of such reports will also be available from Crest upon written request to Crest
Resources Inc. at #142-757 West Hastings Street, Vancouver, BC V6C 1A1 Tel: 778 819 2709.
For additional information, contact:
Emma Fairhurst
Chairperson & Director
Crest Resources Inc.
778 819 2709