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Origin Gold Announces Change of Auditor

Origin Gold Corporation
·1 min read

TORONTO, Jan. 26, 2021 (GLOBE NEWSWIRE) -- Origin Gold Corporation (TSX-V: OIC) (“Origin Gold” or the “Company”) announces that it has changed auditors from Raymond Chabot Grant Thornton LLP (“Raymond”) to McGovern Hurley LLP (“McGovern”), effective January 20, 2021. At the request of the Company, Raymond has resigned as of the effective date of January 20, 2021. McGovern has been appointed as the successor auditor. In accordance with National Instrument 51‐102 (“NI 51‐102”), the Company has filed a Change of Auditor Notice on SEDAR together with letters from both Raymond and McGovern, with each letter confirming agreement with the statements contained in the notice, as applicable. There were no reportable events (as defined in NI 51‐102) between Raymond and the Company.

About Origin Gold

Origin Gold is a mineral exploration company with its exploration activities in Colombia.

For additional information, please contact:

Jaime Lalinde, President and CEO
Phone: (57) 312 350 5864
Email: jlalinde@fmresources.ca

Cautionary statements

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.


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Rents are down 11% in Brooklyn and 18% in Northwest Queens, where starry-eyed developers built glassy apartment fortresses along the waterfront for young midtown professionals.In some ways, investors may be better insulated than after the 2008 financial crisis. Lenders generally required bigger down payments and underwrote loans based on current rents rather than expectations for the future, said Shimon Shkury, Ariel’s president. If the vaccine works and college students and office workers start to return, so will the market, Shkury said.“I don’t think there will be as much distress as you think,” he said.Deregulating RentsLenders have already put $1.4 billion of commercial-backed multifamily debt on watchlists because of issues such as rising vacancies or impending maturities. That’s 19% of all outstanding debt, compared with 22% at the nadir of the financial crisis.The trouble will filter from highly-leveraged investors who expanded quickly to lenders with the most aggressive underwriting, says NYU’s Hersh.“There will be banks that go under,” he said.At the same time, the market for multifamily buildings has gone soft. The total dollar volume of New York City multifamily sales was $4.5 billion in 2020, a 61% plunge from 2018, before the pandemic or the new rent laws, according to a report by Ariel.Still, firms such Limekiln Real Estate Investment Management, see opportunities. The company made $224 million in New York multifamily loans in the second half of 2020, up from $9.3 million before the pandemic. It’s easier to extract better terms in a “lender’s market,” said Scott Waynebern, Limekiln’s president.“It’s tricky to find where the bottom is,” he said.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

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