Early Warning News Release Issued Pursuant to NI 62-103 Acquisition Of Common Shares of Origen Resources Inc.
![Early Warning News Release Issued Pursuant to NI 62-103 Acquisition Of Common Shares of Origen Resources Inc.](https://www.goldseiten.de/media/goldseiten-news.jpg)
On August 20, 2021 the Acquiror acquired 15,000 Common Shares of the Issuer through the facilities of the Canadian Securities Exchange (the "CSE") at a price of $0.29 per Common Share. This acquisition, when combined with acquisitions of Common Shares of the Issuer by the Acquiror since July 7, 2021, being the date of the last early warning report filed by the Acquiror with respect to the Issuer, exceeded 2% of the issued and outstanding Common Shares of the Issuer and triggered the requirement to file this report. This resulted in a change in the Acquiror's holdings in the Common Shares of the Issuer from 12.19% to 12.24%.
Prior to the Transaction, the Acquiror owned and controlled 3,966,500 Common Shares and 416,667 warrants representing 12.19% of the then issued and outstanding Common Shares based on a total of 32,525,906 Common Shares outstanding as of August 24, 2021 (or 13.30% assuming exercise of the warrants). Subsequent to the Transaction, the Acquiror owned and controlled 3,981,500 Common Shares and 416,667 warrants representing 12.24% of the issued and outstanding Common Shares of the Issuer based on a total of 32,525,906 Common Shares outstanding as of August 25, 2021 (or 13.35% assuming exercise of the warrants).
(0.a)The 15,000 Common Shares were acquired at a price of $0.29 per Common Share for consideration of $4,350.
(0.b)The Acquiror has acquired the Common Shares for investment purposes and in accordance with applicable securities laws. The Acquiror may, from time to time, acquire additional 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 August 30, 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
778 819 2709
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