Orogen Royalties Announces Non-Brokered Private Placement of up to $10 Million

Core Viewpoint - Orogen Royalties Inc. plans to raise up to $10 million through a non-brokered private placement of common shares priced at $3.46 each, aimed at funding exploration initiatives, potential royalty acquisitions, and enhancing working capital for growth [1] Group 1: Private Placement Details - The private placement will consist of issuing up to 2,890,274 common shares [1] - Proceeds will be directed towards generative exploration initiatives, potential royalty acquisitions, and strengthening working capital [1] - Certain directors and officers may participate in the private placement, which will be considered a related party transaction exempt from formal valuation and minority shareholder approval requirements [1] Group 2: Financial Terms and Conditions - A finder's fee of 5% cash may be paid for common shares sold to investors introduced by finders, subject to approval by the TSX Venture Exchange [1] - All common shares issued will be subject to a four-month hold period under applicable securities laws in Canada [1] - The company anticipates closing the private placement within three to four weeks, pending necessary regulatory approvals [1] Group 3: Company Overview - Orogen Royalties focuses on organic royalty creation and acquisitions in precious and base metals in western North America [1] - The company's royalty portfolio includes a 2.0% NSR royalty on the Ermitaño gold and silver mine in Sonora, Mexico, operated by First Majestic Silver Corp [1] - The company is well-financed with several projects actively being developed by joint venture partners [1]