Tri Origin Exploration Ltd

Published : January 25th, 2010

DECLARES DIVIDEND-IN-KIND

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January 25, 2010

FOR IMMEDIATE RELEASE:

Not For Distribution in the United States or over United States Wire Services

 

TRI ORIGIN DECLARES DIVIDEND-IN-KIND 

Tri Origin Exploration Ltd. (the ?Company?) (TOE: TSX-V) announces that its board of directors has declared a special dividend-in-kind (the ?dividend?) of approximately 17.3 million of the common shares it holds in its Australian affiliate Tri Origin Minerals Ltd. doing business in Canada under the name ?TriAusMin? (the ?TOR Ordinary Shares?) to its shareholders of record as at February 3, 2010 (the ?record date?).  This dividend follows successful completion of TriAusMin?s dual listing of shares and commencement of trading on the Toronto Stock Exchange under the symbol TOR on January 22, 2010.  Each Canadian resident holder of the Company?s common shares on the record date will receive 0.30 TOR Ordinary Shares for each one of the Company?s common shares held.  Shareholders will not receive fractional shares.  The payment date for the dividend is on or about February 12, 2010.  TOR Ordinary Shares received in this dividend will be restricted from trading for a four month period until or about May 23, 2010.  The declaration of this dividend follows shareholder approval on November 24th, 2009 for the reduction in the Company?s stated capital. The dividend will be taxable and non-residents of Canada will be subject to Canadian withholding taxes. No shares will be issued to shareholders who are non-residents of Canada. Rather, such shares will be delivered to a trustee for sale in the open market following the dividend-in-kind and the net proceeds will be delivered to non-resident shareholders, net of any withholding taxes.

The Company?s holding in TriAusMin will be reduced from approximately 49 million shares to 32 million shares and the ownership reduced from approximately 48% to 27% following this dividend and after consideration of a financing which TriAusMin recently completed.  

TriAusMin operates a number of advanced exploration and development-ready base and precious metals projects within the highly prospective Lachlan Fold Belt of New South Wales, Australia.  A successful listing on the TSX and the creation of a substantial shareholder base through the share dividend hereby announced by the Company will enhance TriAusMin?s value, create additional liquidity and expose it to a substantial, new resource-oriented marketplace.

Tri Origin Minerals? head office will continue to be located in Sydney, Australia and its ordinary shares will continue to trade on the Australian Securities Exchange under the symbol TRO.  In Canada, TriAusMin can be contacted through its Toronto area office 905-727-8688 or info@triausmin.com ..

This news release does not constitute an offer to sell or the solicitation of an offer to buy securities in any jurisdiction.  The TOR Ordinary Shares to be distributed have not been approved or disapproved by any Canadian or U.S. regulatory authority.  The TOR Ordinary Shares have not been and will not be registered under the United States Securities Act of 1933, as amended, or any state securities laws.  The TOR Ordinary Shares may not be offered or sold in the United States of America or to, or for the benefit of, a U.S. person.

For further information, please refer to the Company?s website www.triorigin.com or contact:

 

Tri Origin Exploration Ltd.

Dr. Robert Valliant, President

Tel: (905) 727-1779

E-mail: invest@triorigin.com

 

Tri Origin Exploration Ltd. is publicly listed on the TSX Venture Exchange under the trading symbol TOE. Tri Origin is a leading Canadian exploration company with gold and base metal projects in Canada. Tri Origin has leveraged exposure to mineral discoveries in Australia through its equity interest in its affiliate, TriAusMin the registered business name of Tri Origin Minerals Ltd.; a publicly traded, dual listed company that trades on the Toronto Stock Exchange under the symbol TOR and the Australian Securities Exchange under the symbol TRO.

 

 

 

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Tri Origin Exploration Ltd

DEVELOPMENT STAGE
CODE : TOE.V
ISIN : CA89557L1031
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Tri Origin is a cobalt and nickel exploration company based in Canada.

Tri Origin develops cobalt, nickel, copper, gold, lead, silver and zinc in Australia, and holds various exploration projects in Australia and in Canada.

Its main assets in development are WOODLAWN UNDERGROUND and WOODLAWN RETREATMENT in Australia and its main exploration properties are OVERFLOW, CALARIE, LEWIS PONDS and WOODLAWN MINING DISTRICT in Australia and RED LAKE EXTENSION / CONFEDERATION, BURNTBUSH, COCHENOUR and CITADEL CUSTOM GOLD (SURLUGA) in Canada.

Tri Origin is listed in Canada and in Germany. Its market capitalisation is CA$ 20.9 millions as of today (US$ 16.8 millions, € 13.9 millions).

Its stock quote reached its highest recent level on April 05, 2007 at CA$ 1.39, and its lowest recent point on March 18, 2020 at CA$ 0.01.

Tri Origin has 99 370 000 shares outstanding.

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Annual reports of Tri Origin Exploration Ltd
AUSTRALIAN AFFILIATE FILES ANNUAL REPORT
TOE 2008 Annual Report
Financings of Tri Origin Exploration Ltd
3/28/2011COMPLETES FINAL $1,000,000 TRANCHE OF NON-BROKERED FINANCING...
8/23/2010TOE News Release Aug 23, 2010 - Tri Origin Announces Flow-Th...
12/29/2009Flow Through Placement Completed
9/26/2008TOE ANNOUNCES CLOSING OF $1MILLION FLOW-THROUGH PRIVATE PLAC...
9/12/2008ANNOUNCES $1 MILLION FLOW-THROUGH PRIVATE PLACEMENT
10/23/2007Investment-Backed Credit Facility
Project news of Tri Origin Exploration Ltd
7/11/2013July 11, 2013 COMPANY AFFILIATE REPORTS RECEIVING FINAL GRAN...
5/21/2013MAY 21ST 2013 - Positive Results From Geophysical Surveryin...
11/8/2012Commences Drilling Program at Red Lake Extension Property
10/25/2012New Drill Program Approved for Red Lake Extension Property
4/3/2012AFFILIATE ANNOUNCES HIGH GRADE, DEEP DRILL INTERSECTIONS AT ...
3/22/2012(Woodlawn Retreatment)AFFILIATE ANNOUNCES APPROVAL FOR DEVELOPMENT OF WOODLAWN RET...
2/16/2012Osisko to Option Tri Origin's RLX Property
12/12/2011(North Abitibi)Announces High-Grade Gold Mineralization at North Abitibi
8/11/2011(Sky Lake)ACQUIRES ADDITIONAL LAND, SKY LAKE GOLD PROJECT, PICKLE LAKE
5/25/2011Commences Drilling Program at Red Lake Extension Project
7/8/2010(Lewis Ponds)Affiliate Reports on Progress at Lewis Ponds Gold Project
6/30/2010(Red Lake Extension / Confederation) Field Program Prioritizes Drill Targets
2/23/2010(Lewis Ponds)Affiliate commences airbone geophysical survey of Lewis Pond
4/6/2010(Woodlawn Mining District)Drilling Update at Woodlawn
9/8/2009(Red Lake Extension / Confederation)Drilling Program Complete At Red Lake Extension Project
7/7/2009(Red Lake Extension / Confederation)Commences Drilling at Red Lake
5/27/2009(Red Lake Extension / Confederation)Commences Exploration at Red Lake
2/6/2009(North Abitibi)North Abitibi Option Dropped and CFO Resigns
11/28/2008(Red Lake Extension / Confederation)DRILLING PROGRAM COMPLETE AT RED LAKE EXTENSION PROJECT/MANA...
11/3/2008(Red Lake Extension / Confederation)ON TOE DRILLING AT RED LAKE, ONTARIO & AUSTRALIAN AFFILIATE ...
9/29/2008(North Abitibi)TOE News Release - Summer Drilling Program Complete, North A...
8/1/2008AUSTRALIAN SUBSIDIARY REPORTS COMPLETION OF WOODLAWN RETREAT...
7/4/2008(North Abitibi)Commences Drilling at North Abitibi
7/2/2008(Keewatin)ACQUIRES 100% INTEREST IN KEEWATIN PROPERTIES (BHP)
4/30/2008(Woodlawn Underground)Mineral Resources Upgraded and Feasibility Study Nearing Com...
4/7/2008(Red Lake Extension / Confederation)AIRBORNE AND GROUND GEOPHYSICAL PROGRAMS DEFINE NEW DRILL TA...
3/6/2008(Woodlawn Underground)Woodlawn Zinc-Copper Projects Update
1/29/2008(Red Lake Extension / Confederation)Land Holdings increased and Airborne Geophysical program com...
12/18/2007(Woodlawn Underground)Drilling commences to add to Tailings Resource at Woodlawn
12/10/2007(Woodlawn Underground)Feasibility Study Progress at Woodlawn, NSW
10/31/2007(Keewatin) Drilling Results at Keewatin, Copper, Gold & Uranium Projec...
10/1/2007Gold Targets Identified by Overburden Drilling, RLX Project,...
9/11/2007(Woodlawn Underground)Woodlawn Zinc - Copper Projects update
6/25/2007Drilling program in progress at Red Lake Extension project, ...
4/2/2007(Woodlawn Underground)WOODLAWN UNDERGROUND PROJECT TO PROCEED TO FEASIBILITY
Corporate news of Tri Origin Exploration Ltd
9/23/2015IIROC Trading Resumption - TOE
9/23/2015Tri Origin Stakes Properties on Behalf of Abitibi Gold & Bas...
9/23/2015IIROC Trading Halt - TOE
7/9/2015Field Program Completed at Tri Origin's Sky Lake Gold Projec...
4/24/2013April 24th 2013 Positive Return from Sale of Tri Origin's In...
5/22/2012Commences at Red Lake
3/19/2012GOLD EXPLORATION TARGETS OUTLINED FOR 2012 FIELD SEASON
12/19/2011(Sky Lake)Drill Targets Confirmed at Sky Lake Gold Project
5/27/2011files fiscal Q3 Financial Statements
3/8/2011COMPLETES FIRST CLOSING OF $550,000 NON-BROKERED FINANCING
5/31/2010Key Gold Targets to be Evaluated as Field Season Commences
3/1/2010Acquires gold exploration property
1/25/2010DECLARES DIVIDEND-IN-KIND
1/22/2010Affiliate Successfully Listed on TSX
9/29/2009Announces Change of Record Date and Annual, General and Spec...
7/28/2009Announces Intention to Distribute Shares of AU
5/28/2009Releases Quarterly Financial Statements
3/2/2009Releases Interim Financial Statements
2/26/2009R. W. Hutchinson accepts position as Founding Chair, Geotech...
1/30/2009NEW RELEASE - ' TRI ORIGIN'S AFFILIATE RELEASES QUARTERLY RE...
1/12/2009- OZ MINERALS TERMINATES ALLIANCE WITH TRI ORIGIN
11/20/2008AUSTRALIAN AFFILIATE REPORTS SIGNING OF AGREEMENTS TO COMMEN...
8/22/2008FORMS ALLIANCE WITH MAJOR MINING COMPANY
8/6/2008To Commence Drilling at Red Lake
6/24/2008Australian Financing
2/29/2008 Financial Statements
10/26/2007June 2007 Financial Statements & MD&S point to a strong year...
9/28/2007MR. ALAN SNOWDEN JOINS THE BOARD OF TRI ORIGIN’S AUSTRALIAN ...
9/4/2007Financial Investment Update
7/12/2007commences drilling at Keewatin Project
6/28/2007Woodlawn Tailings Retreatment Project Resource
5/16/2007TOE - Announces Additional Shares Issued in Subsidiary and A...
3/21/2006drilling to commence, Red Lake extension, Ontario
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