On June 10, 2020, Evrim Resources Corp. and Renaissance Gold Inc. announced they have entered into an agreement to combine in a merger of equals. The transaction will grant Evrim all of the outstanding common shares of Renaissance to create a new company, Orogen Royalties Inc. (“Orogen”). The merger will allow Orogen to focus on project generation with a particular focus on organic royalty creation and royalty acquisition. The combination also provides a strong platform for Orogen to grow and generate additional royalties through organic prospect generation and joint venture partnerships.
Evrim Resources Corp. is a Vancouver based mineral exploration company specializing in significant exploration discoveries supported by a sustainable business model. Evrim has a diverse range of projects and a database covering substantial areas of Mexico and portions of the southwestern United States.
Renaissance Gold Inc. is a western US focused prospect generator with a focus on searching for and acquiring high quality precious metal exploration projects that are offered for joint venture to industry partners providing exploration funding. Renaissance has a large portfolio of gold and silver exploration properties and has entered into over 70 exploration agreements.
Osler, Hoskin & Harcourt LLP advised Evrim Resources Corp. with a team consisting of Alan Hutchison, Jason Comerford, Patrick Sullivan, Ian Morrison and Sagar Memon (Corporate) and Jennifer Lee (Tax).