The Insiders of the Company have subscribed for an aggregate of 978,154 units of the Company for aggregate gross proceeds of
The closing of the Private Placement has resulted in a greater than 2% decrease of director
In satisfaction of the requirements of TSXV Policy 4.1 - Private Placements, TSXV Policy 5.9 - Protection of Minority Securityholders in Special Transactions, Multilateral Instrument 61-101 - Protection of Minority Security Holder in Special Transactions, National Instrument 51-102 - Continuous Disclosure Obligations, National Instrument 62-104 - Take-OverBids And Issuer Bids and National Instrument 62-103 - The Early Warning System and Related Take-OverBid and Insider Reporting Issues, a material change report respecting the acquisition of securities by the related party transactions and an early warning report respecting the decrease in director
Closing of the Private Placement is subject to the approval of the
Participation in the Private Placement was completed for investment purposes. Depending on market and other conditions, the Insiders may from time to time in the future increase or decrease their ownership, control or direction over securities of the Company, through market transactions, private agreements, or otherwise.
About Tri Origin
Contact:
Tel: (905) 727-1779
Email: invest@triorigin.com
Forward Looking Statements
This News Release includes certain 'forward-looking statements' which are not comprised of historical facts. Forward-looking statements include estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as 'believes', 'anticipates', 'expects', 'estimates', 'may', 'could', 'would', 'will', or 'plan'. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to the Company, the Company provides no assurance that actual results will meet management's expectations. Risks, uncertainties and other factors involved with forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward looking information in this news release includes, but is not limited to, the intention to complete the Offering and the expected expenditure of the proceeds of the Offering, the Company's objectives, goals or future plans, statements, exploration results, potential mineralization, the estimation of mineral resources, exploration and mine development plans, timing of the commencement of operations and estimates of market conditions. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, the Company's ability to obtain all approvals required in connection with the Offering and successfully complete the Offering, the Company's ability to predict or counteract potential impact of COVID- 19 coronavirus on factors relevant to the Company's business failure to identify mineral resources, failure to convert estimated mineral resources to reserves, the inability to complete a feasibility study which recommends a production decision, the preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, political risks, inability to fulfill the duty to accommodate First Nations and other indigenous peoples, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects, capital and operating costs varying significantly from estimates and the other risks involved in the mineral exploration and development industry, and those risks set out in the Company's public documents filed on SEDAR. Although the Company believes that the assumptions and factors used in preparing the forward- looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.
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