Orogen Royalties Inc. (TSE:OGN) has released an update.
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Orogen Royalties Inc. has announced that Altius Minerals Corporation has significantly increased its stake in the company by exercising warrants to acquire over 7 million shares, resulting in an ownership of 18.15%. The move, which stems from a private placement in April 2019, saw Altius invest an additional $2.86 million into Orogen. This strategic financial maneuver highlights Orogen’s ongoing efforts to expand its precious and base metal royalty portfolio in North America.
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