Early Warning News Release - Origen Resources
CREST RESOURCES INC.
EARLY WARNING NEWS RELEASE ISSUED PURSUANT TO NI 62-103
ACQUISITION OF COMMON SHARES OF ORIGEN RESOURCES INC.
Vancouver, B.C. – September 2, 2021 – This news release is being disseminated by Crest Resources Inc.
(the “Acquiror”) pursuant to National Instrument 62-103, The Early Warning System and Related Take -
Over Bid and Insider Reporting Issues, in connection with the acquisition 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 September 2, 2021 the Acquiror acquire d 93,500 Common Shares of the Issuer through the facilities
of the Canadian Securities Exchange (the “CSE”) at a price of $0.332 per Common Share (the
“Transaction”). This resulted in a change in the Acquiror’s holdings in the Common Shares of the Issuer
from 13.97% to 14.26%.
Prior to the Transaction, the Acquiror owned and controlled 4,544,000 Common Shares and 416,667
warrants representing 13.97% of the then issued and outstanding Common Shares based on a total of
32,525,906 Common Shares outstanding as of August 30, 2021 (or 15.06% assuming exercise of the
warrants).
Subsequent to the Transaction, the Acquiror owned and controlled 4,637,500 Common Shares and
416,667 warrants representing 14.26% of the issued and outstanding Common Shares of the Issuer based
on a total of 32,525,906 Common Shares outstanding as of September 2, 2021 (or 15.35% assuming
exercise of the warrants).
The 93,500 Common Shares were acquired at a price of $0.332 per Common Share for consideration of
$31,042.
The Acquiror has acquired the Common Shares for investment purposes and in accordance with applicable
securities laws. The Acqui ror may, from time to time, acquire ad ditional 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 September 2, 2021 to be filed by the Acquiror in connection with
the acquisition 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 the Acquiror upon written request
to Crest Resources Inc. at #3043, 595 Burrard Street, Vancouver, BC V7X 1J1 Tel: 778 819 2709.
For additional information, contact:
Emma Fairhurst
Chairperson and interim CEO
Crest Resources Inc.
778 819 2709