Orogen Royalties Inc. (CVE:OGN) has announced the appointment of Marc Tran as chief financial officer (CFO) of the company, taking over from Mahesh Liyanage, who is leaving the company to pursue his own CFO services business.
Tran is a Chartered Professional Accountant (CPA, CGA) with over 20 years of finance leadership experience in public organizations. He has successfully completed over $100 million of financing for mining projects and is an experienced strategic executive in transforming and scaling growth staged companies. He holds a Bachelor of Commerce in Finance and Bachelor of Arts in Economics from the University of Calgary.
"We are very excited to have Marc join our team at Orogen", commented Orogen's CEO, Paddy Nicol in a statement. "We look forward to implementing his breadth of financial management experience to grow Orogen's royalty portfolio. We would also like to thank Mahesh for his many contributions over the past seven years. Mahesh is well regarded by all of us and we wish him the best of luck with his new venture."
In connection with the appointment, the company said it has granted Tran 500,000 incentive stock options for a period of five years and have an exercise price of $0.33 per share.
Orogen Royalties is engaged in project generation for precious and base metal discoveries in western North America with a focus on organic royalty creation and royalty acquisitions.
Orogen's royalty portfolio includes the Ermitaño West gold deposit in Sonora, Mexico (2% NSR) being developed by First Majestic Silver Corp. and the Silicon gold project (1% NSR) in Nevada, USA, being advanced by AngloGold Ashanti N.A. The company is well-financed with several projects actively being developed by joint venture partners.
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