Concurrently with the completion of the Arrangement Evrim changed its name to "
As part of the Transaction,
Orogen's mission is to create and acquire precious metal royalties using its strengths as a prospect generator as well as its established business relationships across the mining industry. Organic royalty generation will be driven by existing joint ventures and alliances and through generative exploration that leads to new opportunities to create value for Orogen's shareholders and its exploration partners, the hallmarks of each of Evrim and Renaissance prior to the Transaction. Strategic royalty acquisition will be supported by Orogen's industry knowledge and geological expertise in critical types of deposits.
Underpinning Orogen's strategic royalty focus are two organically created cornerstone assets: (i) a 2% net smelter return royalty ("NSR") on the Ermitaño West gold-silver deposit in
Evrim and Renaissance Shares
The common shares of the Company will commence trading on the
The common shares of Renaissance have been halted and are expected to be de-listed on or about
About
On Behalf of the Board
OROGEN ROYALTIES INC.
President and CEO
To find out more about Orogen, please contact
(1) https://www.firstmajestic.com/_resources/financials/FSMDAQ220.pdf
Forward Looking Information
This news release includes certain statements that may be deemed "forward looking statements". All statements in this presentation, other than statements of historical facts, that address events or developments that Orogen expects to occur, are forward looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur.
Forward looking information relates to statements concerning Orogen's future outlook and anticipated events or results, as well as Orogen's management expectations with respect to Transaction. This document also contains forward-looking statements regarding the anticipated start date of trading for common shares of Orogen under the symbol "OGN" and the de-listing of the common shares of
Although Orogen believes the expectations expressed in such forward looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward looking statements. Factors that could cause the actual results to differ materially from those in forward looking statements include market prices, exploitation and exploration successes, and continued availability of capital and financing, and general economic, market or business conditions. Furthermore, the extent to which COVID-19 may impact Orogen's business will depend on future developments such as the geographic spread of the disease, the duration of the outbreak, travel restrictions, physical distancing, business closures or business disruptions, and the effectiveness of actions taken in
Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward looking statements. Forward looking statements are based on the beliefs, estimates and opinions of Orogen's management on the date the statements are made. Except as required by securities laws, Orogen undertakes no obligation to update these forward looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.
Neither
SOURCE
© Canada Newswire, source