Mr. Jason Leikam reports
OMEGA PACIFIC RESOURCES INC. ANNOUNCES PRIVATE PLACEMENT
Omega Pacific Resources Inc. intends to complete a
non-brokered private placement consisting of up to six million
common shares of the company at a price of 50 cents per
common shares for gross proceeds of up to $3-million.
The company intends to use the net proceeds raised from the offering for exploration of
the company's Lekcin and Williams properties, Williams property option agreement cash
commitments, and for general working capital purposes. The company will pay finders'
fees to eligible finders in connection with the private placement, subject to compliance
with applicable securities laws and the Canadian Securities Exchange (the CSE)
policies. All securities issued in the private placement will be subject to a statutory four-month-plus-one-day hold period. Closing of the private placement is subject to receipt of
all required regulatory approvals, including approval from the CSE. The private placement is expected to close on or about April 2, 2024. The company may elect to
increase the size of the private placement.
The common shares will be offered to qualified purchasers in reliance upon exemptions
from prospectus and registration requirements of applicable securities legislation.
Directors and officers of the company may acquire securities under the private placement, which will be considered a related party transaction as defined under
Multilateral Instrument 61-101 -- Protection of Minority Security Holders in Special
Transactions (MI 61-10"). Such participation is expected to be exempt from the formal
valuation and minority shareholder approval requirements of MI 61-101.
About Omega Pacific Resources Inc.
Omega Pacific is a mineral exploration company focused on the development of mineral
projects containing base and precious metals.
We seek Safe Harbor.
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