Tri Origin Exploration Ltd. Closes $2.75 Million Non-Brokered Private Placement
On January 11, 2021 Tri Origin Exploration Ltd. (“Tri Origin” or the “Company”) announced that it had closed the previously announced non-brokered private placement and upsizing issuing 21,923,076 units of the Company for aggregate gross proceeds of $2,750,000 through the private placement (the “Private Placement”). The Private Placement consisted of the sale of 20,000,000 units of the Company (“Units”) at a price of $0.125 per Unit for gross proceeds of $2,500,000 (the “Offering”) and the sale of 1,923,076 units of the Company (the “Additional Units”) at a price of $0.13 per unit for gross proceeds of $250,000 (the “Additional Offering”).
As part of the Offering, O3 Mining Inc. (“O3”) acquired 2,400,000 Units and Osisko Mining Inc. (“Osisko Mining”) acquired 3,200,000 Units, at a price of $0.125 per Unit, for an aggregate purchase price of $300,000 and $400,000 respectively, making their respective holdings in the Company 4,800,000 Common Shares for O3 and 6,400,000 Common Shares for Osisko Mining (assuming the exercise in full of the Warrants).
Tri Origin Exploration Ltd. is publicly listed on the TSX Venture Exchange under the trading symbol TOE. Tri Origin is a leading Canadian exploration company with gold and base metal projects in Canada.
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