Opawica Announces the Closing of Non-Brokered Private Placement

Opawica Announces the Closing of Non-Brokered Private Placement

(TheNewswire)

December 20th, 2024 Vancouver, B.C. TheNewswire - Opawica Explorations Inc. (TSXV: OPW) (FSE: A2PEAD) (OTCQB: OPWEF) (the "Company" or "Opawica"), a Canadian mineral exploration company focused on precious and base metal projects, is pleased to announce that it has closed the recently announced private placement (December 17, 2024) of 4,330,00 Units for total aggregate proceeds of CAD $1,082,500 each consisting of one flow through Share of the Company and one half Common Share Purchase Warrant at a price of $0.25 per Unit.

Each purchase Warrant is exercisable into one Common Share at an exercise price of $0.40 per share at any time up to 24 months following the closing date. 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 $0.55 per Common Share for the preceding 10 consecutive trading days. All securities issued under the Offering and including Warrants will be subject to a four (4) month and one day holding period being April 21 st, 2025.

As part of the closing, Opawica has agreed to compensate the finding agents with a commission of up to 6.0% cash totaling $64,950, and up to 6.0% purchase Warrants totaling 259,800 Warrants based on the gross proceeds of the Offering. Each purchase Warrant is exercisable @ $0.40 according to the terms described above.

The Company intends to use the net proceeds to advance drilling obligations on its flagship properties in the Abitibi Gold Belt Québec.

The Private Placement remains subject to receipt of all required approvals, including the final approval of the TSX Venture Exchange, as well as execution of formal documentation.

Blake Morgan CEO and President states, "With a great cash position in hand, Opawica is now primed to start drilling on its flagship properties in the Abitibi Green Stone Belt Québec. A large number of high priority drill targets have been identified across our two flagship properties and the company is eager to drill them. The company will have some more news regarding the drill program soon. We welcome shareholders to visit www.opawica.com and follow us on our journey."

A bout Opawica Explorations Inc.

Opawica Explorations Inc. 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 Québec. The Company's management has a great track 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.

FOR FURTHER INFORMATION CONTACT:

Blake Morgan

President and Chief Executive Officer

Opawica Explorations Inc.

Telephone: 236-878-4938

Fax: 604-681-3552

www.opawica.com

info@opawica.com

Neither the TSX Venture Exchange nor its Regulation Service Provider (as the term is defined in

the policies of the TSX Venture Exchange) accepts responsibility for the adequacy of accuracy

of this news release.

Forward-Looking Statements

This news release contains certain forward-looking statements, which relate to future events or future performance and reflect management's current expectations and assumptions. Such forward-looking statements reflect management's current beliefs and are based on assumptions made by and information currently available to the Company. Readers are cautioned that these forward-looking statements are neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results to differ materially from those expected including, but not limited to, market conditions, availability of financing, actual results of the Company's exploration and other activities, environmental risks, future metal prices, operating risks, accidents, labor issues, delays in obtaining governmental approvals and permits, and other risks in the mining industry. All the forward-looking statements made in this news release are qualified by these cautionary statements and those in our continuous disclosure filings available on SEDAR at www.sedar.com. These forward-looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise them to reflect new events or circumstances save as required by applicable law.

Copyright (c) 2024 TheNewswire - All rights reserved.

News Provided by TheNewsWire via QuoteMedia

OPW:CA
The Conversation (0)
Opawica Explorations (TSXV:OPW)

Opawica Explorations


Keep reading...Show less

Advancing high-potential gold assets in the prolific Abitibi Greenstone Belt

Opawica Explorations Inc. Drills 28m of Mineralization with strong XRF readings

Opawica Explorations Inc. Drills 28m of Mineralization with strong XRF readings

April 24th, 2025 TheNewswire - Vancouver, B.C. Opawica Explorations Inc . (TSXV: OPW) (FSE: A2PEAD) (OTC: OPWEF) (the "Company" or "Opawica"), a Canadian mineral exploration company focused on precious and base metals in the Abitibi Gold Belt is providing an update on its 2025 exploration campaign at the Bazooka Property ('Bazooka')..

In drill hole OP-25-31 Opawica Explorations intersected a broad 28 m zone of shearing, silicification, quartz veining, some arsenic. The d rill hole intercepted the target zone from 307 to 335 m, consisting of well-sheared, silicified and quartz veining sediments. The XRF readings of arsenic range from 1000 ppm As at the beginning of the zone to 200 ppm As at the end of the zone. The central part of the zone maintained a 1000 ppm As. One point XRF reading gave a reading of 92 g/t Au

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
Opawica Explorations Intersects a 60 Meter Mineralized Zone at its Bazooka Property in the Abitibi Gold Belt

Opawica Explorations Intersects a 60 Meter Mineralized Zone at its Bazooka Property in the Abitibi Gold Belt

(TheNewswire)

April 17th, 2025 TheNewswire - Vancouver, B.C. Opawica Explorations Inc. (TSXV: OPW) (FSE: A2PEAD) (OTC: OPWEF) (the "Company" or "Opawica"), a Canadian mineral exploration company focused on precious and base metal projects in the Abitibi gold belt, provides an update on its 2025 exploration campaign at the Bazooka Property ("Bazooka") .

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
Opawica Explorations Intersects Visible Gold at its Bazooka Property in the Abitibi Gold Belt

Opawica Explorations Intersects Visible Gold at its Bazooka Property in the Abitibi Gold Belt

(TheNewswire)

April 15th, 2025 TheNewswire - Vancouver, B.C. Opawica Explorations Inc . (TSXV: OPW) (FSE: A2PEAD) (OTC: OPWEF) (the "Company" or "Opawica"), a Canadian mineral exploration company focused on precious and base metals in the Abitibi Gold Belt is providing an update on its 2025 exploration campaign at the Bazooka Property ('Bazooka').

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
Presenting on Emerging Growth Conference 81 Day 1 on April 16; Register to live stream

Presenting on Emerging Growth Conference 81 Day 1 on April 16; Register to live stream

EmergingGrowth.com a leading independent small cap media portal announces the schedule of the 81 th Emerging Growth Conference on April 16 & 17, 2025.

The Emerging Growth Conference identifies companies in a wide range of growth sectors, with strong management teams, innovative products & services, focused strategy, execution, and the overall potential for long-term growth.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Opawica Explorations to Present at the Emerging Growth Conference on April 16th

Opawica Explorations to Present at the Emerging Growth Conference on April 16th

(TheNewswire)

April 10th, 2025 TheNewswire - Vancouver, B.C. Opawica Explorations Inc. (TSXV: OPW) (FSE: A2PEAD) (OTCQB: OPWEF) (the "Company" or "Opawica") a Canadian mineral exploration company focused on precious and base metal projects.

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
Providence Gold Mines Inc. Announces Financing Update on the La Dama de Oro Gold Property

Providence Gold Mines Inc. Announces Financing Update on the La Dama de Oro Gold Property

(TheNewswire)

VANCOUVER September 12, 2025 TheNewswire - Providence Gold Mines Inc. ("Providence" or the "Company") is pleased to announce a non brokered Unit Private Placement Financing of up to $250,000 through the issuance of 5,000,000 units oof the Company (each a "Unit") the ("Private Placement"). Each Unit will consist of one Common Share and one full Warrant exercisable for a period of two years. The Unit is priced at $0.05 for one Common Share in the Capital of the Company (a "Common Share") and one nontransferable full Warrant. Each nontransferable Warrant will entitle the holder to purchase one additional Common Share at a price of $0.05 for a period of 24 months from the date of closing of the Private Placement will be subject to the approval of the TSXV.

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
Rio Silver arranges $1.3M private placement

Rio Silver arranges $1.3M private placement

Vancouver, British Columbia September 11, 2025 Rio Silver Inc. ("Rio Silver" or the "Company") (TSX.V: RYO,OTC:RYOOD) (OTC: RYOOF) announces private placement of units. Rio Silver Inc. has arranged a non-brokered private placement financing of up to 13 million units at $0.10 per unit for gross proceeds of up to $1.3-million.

Each unit consists of one common share and one transferable warrant. Each whole warrant is exercisable into one common share at 15 cents per share for three years from closing. If, following the final closing date of the private placement, the company's common shares close at or above 25 cents on the TSX Venture Exchange (or such other exchange on which the shares may trade) for 15 consecutive trading days, the company may accelerate the warrant expiry date by issuing a news release. The warrants would then expire 30 days from the date of that notice.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Locksley Resources Adds 249 Additional Claims to Landholding of More than 40 sq km of Highly Prospective Critical Minerals Ground in California's Mojave Region

Locksley Resources Adds 249 Additional Claims to Landholding of More than 40 sq km of Highly Prospective Critical Minerals Ground in California's Mojave Region

Brings Company's Total Claims to 491 in Area Housing the Only Rare Earths Producing Mine in U.S.

Move Expands Locksley's Exploration Pipeline Across Antimony, Rare Earths Elements and Polymetallic Prospects

News Provided by PR Newswire via QuoteMedia

Keep reading...Show less
Kobo Resources Announces Closing of First Tranche of Non-Brokered Private Placement for Gross Proceeds of over $2.5 Million

Kobo Resources Announces Closing of First Tranche of Non-Brokered Private Placement for Gross Proceeds of over $2.5 Million

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR RELEASE PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES.

News Provided by Business Wire via QuoteMedia

Keep reading...Show less
Harvest Gold Announces Non-Brokered Private Placement Of Up To $500,000

Harvest Gold Announces Non-Brokered Private Placement Of Up To $500,000

(TheNewswire)

Harvest Gold Corporation

Vancouver, British Columbia / September 11, 2025 ‑ TheNewswire - Harvest Gold Corporation (TSXV: HVG,OTC:HVGDF) (" Harvest Gold " or the " Company ") announces that, subject to the approval of the TSX Venture Exchange (the " Exchange "), it has arranged a non-brokered private placement of up to 6,666,667 units of the Company (" Units ") at a price of $0.075 per Unit for aggregate gross proceeds of up to $500,000 (the " Private Placement ').

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
Alice River Gold Project Drilling Update

Alice River Gold Project Drilling Update

Pacgold (PGO:AU) has announced Alice River Gold Project Drilling Update

Download the PDF here.

Latest Press Releases

Related News

×