Origin Gold Announces $5 Million Private Placement at $0.20 per Unit

TORONTO, Jan. 14, 2021 (GLOBE NEWSWIRE) — Origin Gold Resources Inc. (TSX-V: JOR) (“Origin Gold” or the “Company”) announces that it intends to complete a best efforts non-brokered private placement financing of up to 25,000,000 units (each, a “Unit”) at a price of $0.20 per Unit for gross proceeds of up to $5,000,000 (the “Offering”). Each Unit will consist of one common share of the Company (each, a “Common Share”) and one-half of one Common Share purchase warrant (each whole warrant, a “Warrant”). Each Warrant will entitle the holder to acquire one additional Common Share at an exercise price of $0.30 for a period of 24 months from issuance.