Orogen Announces Cancellation of Private Placement and Director Resignation
Orogen Announces Cancellation of Private
Placement and Director Resignation
VANCOUVER, BC
,
Feb. 16, 2021
/CNW/ - (TSX-V:OGN)
Orogen Royalties Inc. ("Orogen" or the
"Company") announces that further to Company's news release of February, 10
th
2021, the private
placement has been cancelled.
The Company also announces the resignation of Mr.
Paul van Eeden
as Director and Chairman of
the Company. The Company would like to thank Mr. van Eeden for his many years of support and
service.
About Orogen Royalties
Orogen Royalties Inc. is engaged in project generation for precious and base metal deposits in
western
North America
with a focus on organic royalty creation and royalty acquisitions. Orogen's
royalty portfolio includes the Ermitaño West gold deposit in
Sonora, Mexico
(2% NSR) being
developed by First Majestic Silver Corp. and the Silicon gold project (1% NSR) in
Nevada, USA
,
being advanced by AngloGold Ashanti N.A. The Company is well financed with several projects
actively being developed by joint venture partners.
On Behalf of the Board
OROGEN ROYALTIES INC.
Paddy Nicol
President & CEO
Orogen Royalties Inc.
1201 - 510 West Hastings Street
Vancouver, BC
Canada
V6B 1L8
Forward Looking Information
This news release includes certain statements that may be deemed "forward looking statements".
All statements in this presentation, other than statements of historical facts, that address events or
developments that Orogen Royalties Inc. (the "Company") expect to occur, are forward looking
statements. Forward looking statements are statements that are not historical facts and are
generally, but not always, identified by the words "expects", "plans", "anticipates", "believes",
"intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions
"will", "would", "may", "could" or "should" occur.
Forward looking information relates to statements concerning the Company's future outlook and
anticipated events or results, as well as the Company's management expectations with respect to
the proposed business combination (the "Transaction"). This document also contains forward-looking
statements regarding the anticipated completion of the Transaction and timing thereof. Forward-
looking statements in this document are based on certain key expectations and assumptions made
by the Company, including expectations and assumptions concerning the receipt, in a timely manner,
of regulatory and stock exchange approvals in respect of the Transaction.
Although the Company believe the expectations expressed in such forward looking statements are
based on reasonable assumptions, such statements are not guarantees of future performance and
actual results may differ materially from those in the forward looking statements. Factors that could
cause the actual results to differ materially from those in forward looking statements include market
prices, exploitation and exploration successes, and continued availability of capital and financing, and
general economic, market or business conditions. Furthermore, the extent to which COVID-19 may
impact the Company's business will depend on future developments such as the geographic spread
of the disease, the duration of the outbreak, travel restrictions, physical distancing, business
closures or business disruptions, and the effectiveness of actions taken in
Canada
and other
countries to contain and treat the disease. Although it is not possible to reliably estimate the length
or severity of these developments and their financial impact as of the date of approval of these
condensed interim consolidated financial statements, continuation of the prevailing conditions could
have a significant adverse impact on the Company's financial position and results of operations for
future periods.
Investors are cautioned that any such statements are not guarantees of future performance and
actual results or developments may differ materially from those projected in the forward looking
statements. Forward looking statements are based on the beliefs, estimates and opinions of the
Company's management on the date the statements are made. Except as required by securities
laws, the Company undertakes no obligation to update these forward looking statements in the event
that management's beliefs, estimates or opinions, or other factors, should change.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.
SOURCE
Orogen Royalties Inc.
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For further information:
To find out more about Orogen, please contact Paddy Nicol, President &
CEO at 604-248-8648, and Liliana Wong, Manager of Marketing and Investor Relations at 604-248-
8648.
Visit our website at www.orogenroyalties.com.
CO: Orogen Royalties Inc.
CNW 16:30e 16-FEB-21