(TheNewswire)
Aurora, Ontario - TheNewswire - April 15, 2021 - Tri Origin Exploration Ltd. (TSX V: TOE) (OTC: TROIF) (“ Tri Origin ” or the“ Company ”) is pleased to announce the results of its April 12, 2021Special Meeting of Shareholders.
Name Change
The Company’s shareholders have approved changing theCompany’s corporate name to NewOrigin Gold Corp.("NewOrigin”). The name change reflects the Company's recentcorporate initiatives and appointments to management and the board ofdirectors. These recent initiatives are intended to enhance theCompany’s ability to attract sustainable financial support fordevelopment of its exciting, top-tier, exploration property portfolioin the Canadian Shield of Ontario. NewOrigin is proud to continue as aleading and long-standing gold exploration company in Canada.
Tri Origin is awaiting regulatory approval for the newcorporate name to take effect. Upon approval, the Company will begintrading on the TSX Venture Exchange as NewOrigin Gold Corp. and underthe new ticker symbol “NEWO”. The Company will also launch a newwebsite www.neworigingold.com along with anenhanced social media presence on Twitter (@NewOriginGold1) andLinkedIn.
Tri Origin President Mark Santarossa, CPA, CA, MBA,states, “This is the dawn of a new era for NewOrigin Gold, itsshareholders and stakeholders. The new name recognizes the Company’ssignificant past accomplishments and its new focus on creatingshareholder value by advancing its assets.”
Changes to Stock Option Plan
Shareholders also voted in favour of changing theCompany’s stock option plan from a 20% fixed stock option plan to a10% rolling stock option plan. Under a rolling stock option plan, themaximum number of options granted would be 10% of the Corporation’sissued and outstanding Common Shares. As of today’s date, themaximum number of potential options to be granted by the Corporationunder a rolling stock option plan would be 5,169,168. Currently atotal of 3,810,000 stock options have been granted under the 10%rolling stock option plan.
Approval of Stock Option Grant
Shareholders have voted in favor of the Company’sstock option grant previously announced on January 20, 2021.
About Tri Origin Exploration
Tri Origin Exploration Ltd. is a gold explorationcompany listed on the TSX Venture Exchange under the ticker TOE. TheCompany's objective is to increase shareholder value through thediscovery of new economic ore deposits leveraging its broad experiencein well-known, past producing mining camps in Canada’s GreenstoneBelts. Tri Origin’s current focus is exploring on its flagship SkyLake Project in the past producing Pickle Lake Mining Camp and theNorth Abitibi project on the prolific Abitibi Greenstone Belt alongthe Casa Berardi Break in Ontario.
For more information about Tri OriginExploration, please visit www.triorigin.com orSEDAR www.sedar.com or contact:
Tri Origin Exploration Ltd.
Mark Santarossa, CPA, CA, MBA
President
M: 416-371-1325
E: msantarossa@triorigin.com
Cautionary Statement regardingForward Looking Statements:
Neither TSX Venture Exchange nor its RegulationServices Provider (as that term is defined in the policies of the TSXVenture Exchange) accepts responsibility for the adequacy or accuracyof this release. This News Release includes certain “forward-lookingstatements” which are not comprised of historical facts.Forward-looking statements include estimates and statements thatdescribe the Company’s future plans, objectives or goals, includingwords to the effect that the Company or management expects a statedcondition or result to occur. Forward-looking statements may beidentified by such terms as “believes”, “anticipates”,“expects”, “estimates”, “may”, “could”, “would”,“will”, or “plan”. Since forward-looking statements are basedon assumptions and address future events and conditions, by their verynature they involve inherent risks and uncertainties. Although thesestatements are based on information currently available to theCompany, the Company provides no assurance that actual results willmeet management’s expectations. Risks, uncertainties and otherfactors involved with forward-looking information could cause actualevents, results, performance, prospects and opportunities to differmaterially from those expressed or implied by such forward-lookinginformation. Forward looking information in this news releaseincludes, but is not limited to, the intention to complete theforegoing, the Company’s objectives, goals or future plans,statements, exploration results, potential mineralization, theestimation of mineral resources, exploration and mine developmentplans, timing of the commencement of operations and estimates ofmarket conditions. Factors that could cause actual results to differmaterially from such forward-looking information include, but are notlimited to, the Company’s ability to obtain all approvals requiredin connection with the foregoing, the Company’s ability to predictor counteract potential impact of COVID-19 coronavirus on factorsrelevant to the Company’s business failure to identify mineralresources, failure to convert estimated mineral resources to reserves,the inability to complete a feasibility study which recommends aproduction decision, the preliminary nature of metallurgical testresults, delays in obtaining or failures to obtain requiredgovernmental, environmental or other project approvals, politicalrisks, inability to fulfill the duty to accommodate First Nations andother indigenous peoples, uncertainties relating to the availabilityand costs of financing needed in the future, changes in equitymarkets, inflation, changes in exchange rates, fluctuations incommodity prices, delays in the development of projects, capital andoperating costs varying significantly from estimates and the otherrisks involved in the mineral exploration and development industry,and those risks set out in the Company’s public documents filed onSEDAR. Although the Company believes that the assumptions and factorsused in preparing the forward-looking information in this news releaseare reasonable, undue reliance should not be placed on suchinformation, which only applies as of the date of this news release,and no assurance can be given that such events will occur in thedisclosed time frames or at all. The Company disclaims any intentionor obligation to update or revise any forward-looking information,whether as a result of new information, future events or otherwise,other than as required by law.
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