Vancouver, British Columbia-- -announces that it has been in discussions for a number of months with a strategic investor regarding a significant and transformative investment into Origen that would result in a change of control following the proposed second tranche of the investment.
The terms of the investment had been agreed to by September 27, 2024. The Company was aware it needed shareholder approval for the Control Person to be created resulting in a"control person vote" resolution being included in its information circular for its October 25, 2024 annual general and special meeting of shareholders.
Certain of the statements made and information contained herein may constitute"forward-looking information." In particular references to the strategic investor and intended private placement are subject to risks associated with the investment not completing on the terms disclosed in the Company's information circular or at all, as well as other risks that we may not be currently aware of. Accordingly, readers are advised not to place undue reliance on forward-looking information.
The total consideration is $3 million on closing and the return of 10 million Lucara common shares initially issued as partial consideration when Lucara acquired Clara in 2018.Military Metals acquires antimony, tin projects in SlovakiaMillions of people are displaced and fighting over minerals, particularly gold, has actually increased since the so-called conflict minerals law was passed in 2010.
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