Origin Gold Announces Closing of Private Placement
October 10 2019 - 3:21PM
Origin Gold Corporation ("
Origin or the
“
Corporation") (TSX VENTURE: OIC) is pleased to
announce that it has closed a non-brokered private placement (the
“
Placement”) with an accredited investor, by
issuing a total of 800,000 units of Origin (the
“
Units”) at $0.10 per Unit, for total gross
proceeds of $80,000.
The Corporation plans to use the net proceeds
from the Placement to explore potential mineral properties
opportunities and for general working capital.
Each Unit consists of one common share (a
“Common Share”) and one-half of a common share
purchase warrant (a “Warrant”) of Origin. Each
Warrant entitles the holder to purchase one Common Share at a price
of $0.15 during a two-year period following the issuance of the
Warrant. No commissions are payable on this Placement.
The securities issued pursuant to the Placement
on the date hereof are subject to a four-month hold period under
applicable securities laws in Canada expiring on February 11,
2020.
The Placement was carried out pursuant to
prospectus exemptions of applicable securities laws and is subject
to final acceptance by the TSX Venture Exchange.
About OriginOrigin is a mineral
exploration company with its exploration activities focused in
Colombia.
Rejean Gosselin, President and CEO : Tel:
514.303.0950 E-mail: rgminero@gmail.com
The information set forth in this press release
includes certain forward-looking statements. Such statements are
based on assumptions exposed to major risks and uncertainties.
Although Origin deems the expectations reflected in these
forward-looking statements to be reasonable, the Corporation cannot
provide any guarantee as to the materialization of the expectations
reflected in these forward-looking statements. The Corporation
expressly disclaims any intention or obligation to update or revise
any forward-looking statements whether as a result of new
information, future events or otherwise, except as required by
applicable law.
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) has reviewed or accepts
responsibility for the adequacy or accuracy of this
Release.
Origin Gold (TSXV:OIC)
Historical Stock Chart
From Apr 2024 to May 2024
Origin Gold (TSXV:OIC)
Historical Stock Chart
From May 2023 to May 2024