Origen closes $478,875 first tranche of financing

Executive Summary

• Origen Resources Inc. has closed the first tranche of its non-brokered private placement, raising gross proceeds of $478,875.
• The company issued 9,577,500 units at $0.05 per unit, with net proceeds allocated for general working capital, payment of outstanding management fees, and exploration expenditures.
• The company expects to close the second and final tranche of the financing shortly and corrected a previous error regarding warrant terms (one-half warrant instead of a full warrant).

Key Details

• Gross Proceeds: $478,875
• Units Issued: 9,577,500 units
• Price Per Unit: $0.05
• Warrant Terms: Each unit includes one share and one-half share purchase warrant.
• Warrant Exercise Price: $0.075 per share
• Warrant Term: 18 months from the date of issuance
• Finder's Fees: $4,550 paid to eligible arm's-length finders
• Use of Proceeds: General working capital, including certain payments of outstanding management fees, and exploration expenditures
• Statutory Hold Period: Four months and one day from the date of issuance
• Insider Participation: Certain insiders purchased units under the financing, constituting a related-party transaction exempt from formal valuation and minority shareholder approval requirements under Multilateral Instrument 61-101.
• Correction: The July 23, 2025, news release inadvertently referred to the unit financing with a full warrant; the actual financing includes only a one-half warrant.