Origen Closes Plan of Arrangement with Forty | The Kingston Whig Standard
Origen Resources Inc. (CSE: ORGN) (“Origen”) and Forty Pillars Mining Corp. (“Forty Pillars”) are pleased to announce that their previously announced plan of arrangement (the “ Arrangement“) has closed. Pursuant to the Arrangement, Origen completed a share reorganization and spun out its Silver Dollar Project and $66,893.60 in cash to Forty Pillars in exchange for 6,485,174 common shares of Forty Pillars (the “ Forty Pillars Shares“) at a deemed price of $0.08 per Forty Pillars Share, of which 3,891,102 Forty Pillars Shares were distributed to Origen’s shareholders and 2...