06:55 AM EDT, 03/19/2026 (MT Newswires) -- Orogen Royalties ( OGNNF ) overnight Wednesday said it will not be proceeding with its previously announced private placement for proceeds of $10 million.

"Orogen is well funded to pursue its objective of project generation and royalty acquisition," said Orogen Royalties ( OGNNF ) Chief Executive Paddy Nicol. "The cancellation of this private placement does not alter the Company's exploration and investment strategy."

Shares of the company closed down 2.2% to $3.06 on Wednesday on the TSX Venture Exchange.