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CSE:ORGN    FSE: 4VXA     604.260.5490

Wishbone Property

The Wishbone property was sold to Forty Pillars Mining on October 6, 2021. 

Acquisition Terms

Forty Pillars purchased a 100-per-cent interest in the 3,971 ha Wishbone project, by paying a total of $3,000,000, consisting of $1,000,000 cash and $2,000,000 promissory note with a three year term bearing interest at 5% per annum, payable monthly. Forty Pillars also granted a 1-per-cent net smelter return (NSR) to Origen. Half of the NSR (0.5 per cent) can be purchased prior to commercial production for $1,000,000.  Forty Pillars is also obligated to make the remaining share issuances and cash payments under the original property agreement, being 200,000 common shares and $50,000 cash by May 29, 2022 and 200,000 common shares and $50,000 cash by May 29, 2023.

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