12:15:14 EDT Fri 18 Apr 2025
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Opawica Explorations Inc (7)
Symbol OPW
Shares Issued 37,953,767
Close 2025-03-14 C$ 0.18
Market Cap C$ 6,831,678
Recent Sedar Documents

Opawica arranges $300,000 private placement

2025-03-14 20:50 ET - News Release

Mr. Blake Morgan reports

OPAWICA EXPLORATIONS ANNOUNCES NON-BROKERED PRIVATE PLACEMENT FOR AGGREGATE PROCEEDS OF CAD $300,000

Opawica Explorations Inc. intends to complete a non-brokered private placement of up to 1.5 million units of the company at a price of 20 cents per unit for aggregate gross proceeds of up to $300,000.

Each unit will consist of one common share of the company and one common share purchase warrant, with each warrant exercisable into one common share at an exercise price of 30 cents per share at any time up to 24 months following the closing date of the private placement. The company also maintains a warrant acceleration option allowing Opawica to accelerate the expiry date of the warrants if the daily trading price of the common shares on the TSX Venture Exchange is greater than 42 cents per common share for the preceding 10 consecutive trading days. All securities issued under the offering, including warrants, will be subject to a four-month holding period.

The company intends to use the net proceeds to define and drill new exploration targets at its Arrowhead and Bazooka properties, for general working capital, and for market awareness. The private placement remains subject to receipt of all required approvals, including the approval of the TSX Venture Exchange, as well as execution of formal documentation.

The qualified person has not verified the information on the adjacent properties, and the information disclosed is not necessarily indicative of mineralization on the Opawica projects.

About Opawica Explorations Inc.

Opawica is a junior Canadian exploration company with a strong portfolio of precious and base metal properties within the Rouyn-Noranda region of the Abitibi gold belt in Quebec. The company's management has a great record in discovering and developing successful exploration projects. The company's objective is to increase shareholder value through the development of exploration properties using cost-effective exploration practices, acquiring further exploration properties, and seeking partnerships by either joint venture or sale with industry leaders.

We seek Safe Harbor.

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