Vancouver, B.C. – TheNewswire – September 17, 2021 – This news release is being disseminated by Crest Resources Inc. (the “Acquiror”) (CNSX:CRES.CN) (OTC:CRSTF) pursuant to National Instrument 62-103, The Early Warning System and Related Take-Over Bid and Insider Reporting Issues, in connection with the acquisition of certain common shares (the “Common Shares”) of Origen Resources Inc. (the “Issuer”), a British Columbia corporation whose common shares are listed for trading on the Canadian Securities Exchange under the symbol “ORGN”.  

On September 16, 2021 the Acquiror acquired 233,000 Common Shares of the Issuer through the facilities of the Canadian Securities Exchange (the “CSE”) at a price of $0.343 per Common Share (the “Transaction”). This resulted in a change in the Acquiror’s holdings in the Common Shares of the Issuer from 14.26% to 16.64%.

Prior to the Transaction, the Acquiror owned and controlled 5,178,500 Common Shares and 416,667 warrants representing 15.93% of the then issued and outstanding Common Shares based on a total of 32,525,906 Common Shares outstanding as of September 16, 2021 (or 16.99% assuming exercise of the warrants).

Subsequent to the Transaction, the Acquiror owned and controlled 5,411,500 Common Shares and 416,667 warrants representing 16.64% of the issued and outstanding Common Shares of the Issuer based on a total of 32,525,906 Common Shares outstanding as of September 16, 2021 (or 17.70% assuming exercise of the warrants).

The 233,000 Common Shares were acquired at a price of $0.343 per Common Share for consideration of $79,919.

(0.a)The Acquiror has acquired the Common Shares for investment purposes and in accordance with applicable securities laws.  The Acquiror may, from time to time, acquire additional common shares and/or other equity, debt or other securities or instruments (collectively, “Securities”) of the Issuer in the open market or otherwise, and reserves the right, subject to applicable securities law, to dispose of any or all of its Securities in the open market or otherwise at any time and from time to time, and to engage in similar transactions with respect to the Securities, the whole depending on market conditions, the business and prospects of the Issuer and other relevant factors.

 

A copy of the early warning report dated September 17, 2021 to be filed by the Acquiror in connection with the acquisition of the Common Shares of the Issuer will be available on SEDAR at www.sedar.com under the Issuer’s profile.  Copies of such reports will also be available from the Acquiror upon written request to Crest Resources Inc. at #3043, 595 Burrard Street, Vancouver, BC V7X 1J1 Tel: 778 819 2709.

 

For additional information, contact:

Emma Fairhurst
Chairperson and interim CEO

Crest Resources Inc.

778 819 2709

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