NewOrigin Gold Corp. announced a private placement of 15,000,000 flow-through units at a price of CAD 0.06 per unit for the gross proceeds of CAD 900,000 and 10,000,000 common share at a price of CAD 0.04 per share for the gross proceeds of CAD 400,000 for the total gross proceeds of 1,300,000 on January 17, 2024. Each common share unit shall consist of one common share and one warrant.

Each Warrant shall entitle the holder to acquire one common share at a price of CAD 0.10 per common share for a period of 18 months from the closing date of the offering. The securities issued pursuant to the Offering will be subject to a statutory four month and one day hold period. Closing of the Offering is subject to certain conditions including, but not limited to, the receipt of all necessary approvals including the approval of the TSX-V. The offering is expected to close on or about February 28, 2024.