Mr. Fred Kiernicki reports
OPAWICA CLARIFIES PRIOR RELEASE
Further to its news release of Feb. 25, 2016, Opawica Explorations Inc. is clarifying that the purchase and side agreement with Investissements Gema Inc. that was signed Feb. 25, 2016, is a non-arm's-length transaction, given that a portion of the share consideration issuable in connection with the agreement is to go to RT Minerals Corp., a company with common directors with Opawica. Opawica also wishes to confirm that no finder's fees were paid in connection with the agreement.
The company also wishes to confirm that, in accordance with the policies of the TSX Venture Exchange, the warrants forming part of the private placement detailed in the Feb. 25, 2016, news release have an exercise price of six cents. All other terms of the offering remain the same.
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