Tri Origin Postpones Non-Brokered Private Placement
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
Aurora, Ontario, May 31, 2019– Tri Origin Exploration Ltd. (TSX-V: TOE) (the “Company”) has postponed until further notice the non-brokered private placement financing announced on March 13, 2019 due to prevailing depressed market conditions.
Tri Origin continues to advance its key gold projects in Ontario; North Abitibi located 150 kilometres northeast of Timmins along trend form the Casa Berardi gold mine and Sky Lake located 20 kilometres southwest of the Pickle Lake Gold District. Both projects have seen significant results returned from recently completed drill programs by competitor companies adjacent to the Tri Origin property boundaries. At North Abitibi, Aurelius Minerals Inc., a TSX-V listed explorer, has reported on the results of its most recent drill program conducted east of Tri Origin’s Spade Lake Zone and at Sky Lake, Ardiden Ltd a resource company listed on the Australian Securities Exchange, has reported on its drill program from a gold zone on claims surrounded by Tri Origin’s Sky Lake property. Results from these programs highlight the potential of Tri Origin’s properties and have been incorporated into the Company’s plans for the next stage of work at gold deposits located at each of its projects.
The Company’s plans for mineral exploration and drilling at its key gold projects and general working capital requirements will determine the level of upcoming financings following this postponement.
About Tri Origin
Tri Origin Exploration Ltd. is publicly listed on the TSX-V under the trading symbol TOE. Tri Origin is a leading Canadian exploration company with gold and base metal projects in Canada.
Dr. Robert Valliant, President
Tri Origin Exploration Ltd.
Tel: (905) 727-1779
CAUTIONARY STATEMENT: Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This press release may contain forward-looking statements that are subject to known and unknown risks and uncertainties that could cause actual results to vary materially from targeted results. Such risks and uncertainties include those described in Tri Origin's periodic reports including the annual report or in the filings made by Tri Origin from time to time with securities regulatory authorities.