Orogen Royalties Approves Arrangement with Triple Flag

Orogen Royalties Inc. announced that its shareholders have largely approved the plan of arrangement with Triple Flag Precious Metals at the annual general and special meeting. Out of 153,248,045 shares, 99.36% were in favor of the arrangement. The agreement will see Orogen shareholders receive $1.63 in cash or a fraction of Triple Flag shares, and shares in 1537944 B.C. Ltd (SpinCo), which will be renamed Orogen Royalties Inc. after transaction completion.

The transaction, valued at $421 million, involves Triple Flag acquiring all outstanding Orogen shares. The Supreme Court of British Columbia must approve the deal on July 2, 2025, with closure expected by July 9, 2025. Post-closure, Orogen shares will be delisted from the TSX Venture Exchange. The partnership also includes a generative exploration alliance focused on gold and silver targets in the western United States.