Origen Resources Closes First Tranche of Financing
488 – 625 Howe St.
Vancouver, BC
V6C 2T6, Canada
604-681-0221
www.origenresources.com
Origen Resources Closes First Tranche of Financing
Vancouver, BC, December 1, 2020. Origen Resources Inc. (the “Company” or “Origen”) (CSE:ORGN) is
pleased to announce that it has closed a first tranche of its previously announced non -brokered private
placement (see news release dated November 9, 2020). The Company has issued 3,831,165 units (the
"Units") at a price of $0.12 per Unit for aggregate proceeds of $459,740.
Each Unit is comprised of one common share (a "Share") and half a transferrable share purchase
warrant (a "Warrant") of the Company. Each f ull Warrant will entitle the holder to purchase an
additional Share at a price of $0. 20 for a 12-month period after the Closing Date. Finder ’s fee s of
$4,762.80 cash will be paid to arm's length parties in connection with the Offering.
Insiders participation in the offering was for an aggregate amount of $ 196,200 comprising 1,635,000
Units representing 43 % of the offering . Such participation is considered a related party transaction
within the meaning o f Multilateral Instrument 61 -101 – Protection of Minority Security Holders in
Special Transactions ("MI 61-101"). The related party transaction is exempt from minority approval and
valuation requirements pursuant to the exemptions contained in Sec tions 5.5(a) and 5.7(1)(a) of MI 61-
101, as neither the fair market value of the securities to be issued under the Offering nor the
consideration to be paid by the insiders exceeds 25% of the Company's market capitalization.
All securities issued under the offering are subject to a statutory hold period expiring on March 30,
2020.
Proceeds raised from the Offering will be used to fund an airborne geophysical program on its Middle
Ridge Pond project in Newfoundland and for general working capital .
The company a lso announces that Exploits Discovery Corp. has dropped it s option on the Silver Dollar
Property and returned it to the vendor Origen Resources.
About Origen
Origen is an exploratio n company engaged in generati ng, acquiring and a dvancing base an d precious
metal properties. The Company currently holds a property portfolio of four 100% owned precious and
base metal projects in southern British Columbia, a 100% interest in the 26,771 ha LGM project and an
option to acquire a 100% interest in the 3,971 ha Wishbone property in the mineral rich Golden Triangle
of British Columbia and a 100% interest in the Middle Ridge Pond project in Newfoundland.
On behalf of Origen,
Blake Morgan
President
For further information, please contact Blake Morgan, President at 236-878-4938 or Gary Schellenberg,
CEO at 604-681-0221.
488 – 625 Howe St.
Vancouver, BC
V6C2T6, Canada
604-681-0221
www.origenresources.com
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Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined
in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy
of this press release.
Certain of the statements made and information contained herein may constitute “forward- looking
information.” In particular references to the private placement and future work programs or
expectations on the quality or result s of suc h wor k programs are subject to risks associated with
operations on the property, exploration activity generally, equipment limitat ions and availability, as well
as other risks that we may not be currently aware of. Accordingly, readers are advised not to p lace
undue reliance on forward- looking information. Except as required under applicable securities
legislation, the Company undert akes no obligation to publicly update or revise forward- looking
information, whether as a result of new information, future events or otherwise.