Origin Gold Announces Acceleration of Warrant Expiry Dates
04 Agosto 2020 - 7:00PM
Origin Gold Corporation (“
Origin
Gold” or the “
Company”) (TSXV: OIC)
announces that today its share price has closed at $0.30, after
closing at or above $0.1875 for the previous 9 consecutive trading
days. In accordance with the terms of the TSXV Venture Exchange’s
(“
TSXV”) warrant repricing policies, this has
triggered an automatic expiry acceleration clause (the
“
Clause”) in respect of certain of the Company’s
common share purchase warrants.
The terms of the 2,392,000 common share purchase
warrants of the Company that are affected by the Clause
(collectively, the “Expiring
Warrants”) were amended in mid-2019 to reduce the
exercise price from $0.25 to $0.15 per share and to extend the
expiry date from August 25, 2019 to February 25, 2021 (the
“Amended Terms”). For additional
information concerning the Amended Terms, please see the Company’s
press release dated May 28, 2019, which is available under the
Company’s SEDAR profile at www.sedar.com. The TSXV consented to the
Amended Terms on May 29, 2019.
As a result of the Clause, the expiry date of
the Expiring Warrants has been accelerated to a date that falls 30
days following the date of this news release, or September 3, 2020.
Any Expiring Warrants that remain unexercised by 5:00 p.m. (Eastern
time) on such date will expire and be cancelled.
The acceleration of the expiry date of the
Expiring Warrants is mandated by the TSXV, is not at the discretion
of the Company, and is a TSXV policy consistent with the benefit
received by the warrant holders relating to the Amended Terms.
About Origin Gold
Origin Gold is a mineral exploration company
with its exploration activities focused in Colombia.
For additional information, please contact:
Jaime Lalinde President and CEO jlalinde@fmresources.ca
www.origingoldcorp.com
Cautionary Note Regarding
Forward-looking Information
This press release contains "forward-looking
information" within the meaning of applicable Canadian securities
legislation. Forward-looking information includes, but is not
limited to, statements with respect to the acceleration of the
expiry date of the Expiring Warrants. Generally, forward-looking
information can be identified by the use of forward-looking
terminology such as "plans", "expects" or "does not expect", "is
expected", "budget", "scheduled", "estimates", "forecasts",
"intends", "anticipates" or "does not anticipate", or "believes",
or variations of such words and phrases or state that certain
actions, events or results "may", "could", "would", "might" or
"will be taken", "occur" or "be achieved". Forward-looking
information is subject to known and unknown risks, uncertainties
and other factors that may cause the actual results, level of
activity, performance or achievements of the Company, as the case
may be, to be materially different from those expressed or implied
by such forward-looking information. Although the Company has
attempted to identify important factors that could cause actual
results to differ materially from those contained in
forward-looking information, there may be other factors that cause
results not to be as anticipated, estimated or intended. There can
be no assurance that such information will prove to be accurate, as
actual results and future events could differ materially from those
anticipated in such statements. Accordingly, readers should not
place undue reliance on forward-looking information. The Company
does not undertake to update any forward-looking information,
except in accordance with applicable securities laws.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS
REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN POLICIES
OF THE TSX VENTURE EXCHANGE) HAS REVIEWED OR ACCEPTS RESPONSIBILITY
FOR THE ADEQUACY OR ACCURACY OF THIS
RELEASE.
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