Orogen Royalties Plans $10 Million Private Placement

Orogen Royalties Inc., trading as TSXV:OGN and OTCQB:OGNNF, intends to raise up to $10 million through a non-brokered private placement. The offering includes issuing up to 2,890,274 common shares at $3.46 each. The funds will support exploration, potential royalty acquisitions, and bolster working capital for growth.

This private placement involves directors and officers of Orogen, qualifying it as a related party transaction under MI 61-101 regulations. A 5% finder's fee may apply to third-party intermediaries introducing investors, subject to TSX Venture Exchange approval.

Shares from this placement carry a four-month hold period, and the closing of the deal is anticipated within three to four weeks, pending regulatory approvals. This offer is not extended to U.S. investors, aligning with the U.S. Securities Act regulations.