VANCOUVER, BC, Nov. 24, 2020 /CNW/ - (TSX-V:OGN) Orogen
Royalties Inc. ("Orogen" or the "Company") is pleased to announce
the appointment of Marc Tran as
Chief Financial Officer ("CFO") of the Company. Mr. Tran takes over
from Mr. Mahesh Liyanage, who is
leaving the Company to pursue his own CFO services business.
Mr. Tran is a Chartered Professional Accountant (CPA, CGA) with
over 20 years of finance leadership experience in public
organizations. He has successfully completed over $100 million of financing for mining projects and
is an experienced strategic executive in transforming and scaling
growth staged companies. He has a strong background in project
financing, M&A, compliance, regulatory management, corporate
governance, and marketing. Mr. Tran also holds a Bachelor of
Commerce in Finance and Bachelor of Arts in Economics from the
University of Calgary.
"We are very excited to have Marc join our team at Orogen",
commented Orogen's CEO, Paddy Nicol.
"We look forward to implementing his breadth of financial
management experience to grow Orogen's royalty portfolio. We
would also like to thank Mahesh for his many contributions over the
past seven years. Mahesh is well regarded by all of us and we
wish him the best of luck with his new venture."
In connection with the appointment of Mr. Tran, the Company has
granted 500,000 incentive stock options for a period of five years
and have an exercise price of $0.33
per share.
About Orogen Royalties
Orogen Royalties Inc. is engaged in project generation for
precious and base metal discoveries in western North America with a focus on organic royalty
creation and royalty acquisitions. Orogen's royalty portfolio
includes the Ermitaño West gold deposit in Sonora, Mexico (2% NSR) being developed by
First Majestic Silver Corp. and the Silicon gold project (1% NSR)
in Nevada, USA, being advanced by
AngloGold Ashanti N.A. The Company is well financed with several
projects actively being developed by joint venture partners.
On Behalf of the Board
OROGEN ROYALTIES
INC.
Paddy
Nicol
President &
CEO
Orogen Royalties Inc.
1201 - 510 West Hastings Street
Vancouver, BC
Canada V6B 1L8
info@orogenroyalties.com
Forward Looking Information
This news release includes certain statements that may be deemed
"forward looking statements". All statements in this presentation,
other than statements of historical facts, that address events
or developments that Orogen Royalties Inc. (the "Company") expect
to occur, are forward looking statements. Forward looking
statements are statements that are not historical facts and are
generally, but not always, identified by the words "expects",
"plans", "anticipates", "believes", "intends", "estimates",
"projects", "potential" and similar expressions, or that events or
conditions "will", "would", "may", "could" or "should"
occur.
Forward looking information relates to statements concerning the
Company's future outlook and anticipated events or results, as well
as the Company's management expectations with respect to the
proposed business combination (the "Transaction"). This document
also contains forward-looking statements regarding the anticipated
completion of the Transaction and timing thereof. Forward-looking
statements in this document are based on certain key expectations
and assumptions made by the Company, including expectations and
assumptions concerning the receipt, in a timely manner, of
regulatory and stock exchange approvals in respect of the
Transaction.
Although the Company believe the expectations expressed in such
forward looking statements are based on reasonable assumptions,
such statements are not guarantees of future performance and actual
results may differ materially from those in the forward looking
statements. Factors that could cause the actual results to differ
materially from those in forward looking statements include market
prices, exploitation and exploration successes, and continued
availability of capital and financing, and general economic, market
or business conditions. Furthermore, the extent to which
COVID-19 may impact the Company's business will depend on future
developments such as the geographic spread of the disease, the
duration of the outbreak, travel restrictions, physical distancing,
business closures or business disruptions, and the effectiveness of
actions taken in Canada and other
countries to contain and treat the disease. Although it is not
possible to reliably estimate the length or severity of these
developments and their financial impact as of the date of approval
of these condensed interim consolidated financial statements,
continuation of the prevailing conditions could have a significant
adverse impact on the Company's financial position and results of
operations for future periods.
Investors are cautioned that any such statements are not
guarantees of future performance and actual results or developments
may differ materially from those projected in the forward looking
statements. Forward looking statements are based on the beliefs,
estimates and opinions of the Company's management on the date the
statements are made. Except as required by securities laws, the
Company undertakes no obligation to update these forward looking
statements in the event that management's beliefs, estimates or
opinions, or other factors, should change.
SOURCE Orogen Royalties Inc.
