(TheNewswire)
Vancouver, B.C. – TheNewswire- July 7, 2022 – This news release is beingdisseminated by Crest Resources Inc. (CSE:CRES) (the “ Acquiror ”) pursuant to National Instrument 62-103, The Early Warning System and RelatedTake-Over Bid and Insider Reporting Issues, inconnection with the acquisition of certain common shares (the“ Common Shares ”) of Origen Resources Inc. (the “ Issuer ”), a BritishColumbia corporation whose common shares are listed for trading on theCanadian Securities Exchange under the symbol “ORGN”.
On July 7, 2022 theAcquiror acquired 1,000,000 Common Shares of the Issuer through thefacilities of the Canadian Securities Exchange at a price of $0.2198per Common Share (the “Transaction”). This resulted in a change inthe Acquiror’s holdings in the Common Shares of the Issuer from28.36% to 31.14%.
Prior to the Transaction, the Acquiror owned andcontrolled 10,194,476 Common Shares representing 28.36% of the issuedand outstanding Common Shares of the Issuer. Subsequent to theTransaction, the Acquiror owned and controlled 11,194,476 CommonShares and representing 31.14% of the issued and outstanding CommonShares of the Issuer based on a total of 35,949,154 Common Sharesoutstanding as of July 7, 2022.
The 1,000,000 Common Shares were acquired at a price of$0.2198 per Common Share for consideration of $ 219,800.
The Acquiror has acquired the Common Shares forinvestment purposes and in accordance with applicable securities laws. The Acquiror may, from time to time, acquire additional commonshares and/or other equity, debt or other securities or instruments(collectively, “ Securities ”) of the Issuer in the openmarket or otherwise, and reserves the right, subject to applicablesecurities law, to dispose of any or all of its Securities in the openmarket or otherwise at any time and from time to time, and to engagein similar transactions with respect to the Securities, the wholedepending on market conditions, the business and prospects of theIssuer and other relevant factors.
A copy of the early warning report dated July 7, 2022to be filed by the Acquiror in connection with the acquisition of theCommon Shares of the Issuer will be available on SEDAR at www.sedar.com under the Issuer’s profile. Copies of such reports will also beavailable from the Acquiror upon written request to Crest ResourcesInc. at #3043, 595 Burrard Street, Vancouver, BC V7X 1J1 Tel: 778 8192709.
For additional information, contact:
Emma Fairhurst
Chairperson & Director
Crest Resources Inc.
778 819 2709
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