Origen Closes Second Tranche of Financing

Executive Summary

• Origen Resources Inc. closed the second and final tranche of its non‑brokered private placement, issuing 2,300,000 units at $0.05 per unit for gross proceeds of $115,000.
• Each unit consists of one common share and one half‑share purchase warrant; warrants allow acquisition of additional shares at $0.075 each for 18 months.
• Net proceeds are earmarked for general working capital, payment of outstanding management fees, and exploration expenditures on the company’s lithium and gold‑silver projects.

Key Details

• Units Issued: 2,300,000 units @ $0.05 per unit → $115,000 gross proceeds.
• Unit Composition: 1 common share + ½ warrant (each whole warrant = right to purchase 1 additional share).
• Warrant Terms: Exercise price $0.075 per share; exercisable for 18 months from issuance date.
• Finder’s Fees Paid: $1,750 paid to eligible arm‑length finders in accordance with CSE policies.
• Statutory Hold Period: Securities subject to a four‑month‑plus‑one‑day hold period under applicable securities laws.
• Use of Proceeds: General working capital, payment of outstanding management fees, and exploration expenditures on the Los Sapitos Lithium project (Argentina) and Wishbone gold‑silver project (British Columbia).
• Related‑Party Participation: Insiders purchased units; transaction qualifies as a related‑party exemption under MI 61‑101, exempt from formal valuation and minority shareholder approval requirements.
• U.S. Securities Law Disclaimer: Units not registered under the U.S. Securities Act of 1933; cannot be offered or sold in the United States absent registration or an applicable exemption.

Notable Quotes

• “The successful closing of this financing tranche provides us with the necessary capital to continue advancing our flagship lithium and gold‑silver projects while maintaining a strong balance sheet,” – Gary Schellenberg, CEO and Director.