Opawica Explorations Announces Non-Brokered Private Placement for Aggregate Proceeds of CAD $300,000

Opawica Explorations Announces Non-Brokered Private Placement for Aggregate Proceeds of CAD $300,000

 

(TheNewswire)

 
  
  Opawica Explorations Inc. 
 
 

March 14 th 2025 TheNewswire - Vancouver, Canada – Opawica Explorations Inc. (the "Company" or "Opawica") (TSXV: OPW) (OTCQB: OPWEF), a Canadian mineral exploration company focused on precious and base metal projects, is pleased to announce that it intends to complete a non-brokered Private Placement (the "Private Placement") of up to 1,500,000 units of the Company ("Units") at a price of $0.20 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 $0.30 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 $0.42 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 holding period.  

 

  The Company intends to use the net proceeds to define and drill new exploration targets at its Arrowhead and Bazooka properties, general working capital and 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 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

 

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) 2025 TheNewswire - All rights reserved.

 

 

News Provided by TheNewsWire via QuoteMedia

OPW:CA
The Conversation (0)
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)

 
  
  Opawica Explorations Inc. 
 
 

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)

 
  
  Opawica Explorations Inc. 
 
 

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)

 
  
  Opawica Explorations Inc. 
 
 

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
Sranan Gold Samples Additional High-Grade Gold Mineralization at the Tapanahony Project in Suriname

Sranan Gold Samples Additional High-Grade Gold Mineralization at the Tapanahony Project in Suriname

Sranan Gold Corp. (CSE: SRAN) (FSE: P84) (Tradegate: P84) ("Sranan" or the "Company") announces additional high-grade results from sampling within Randy's Pit, which is located within its Tapanahony Project in Suriname.

Nine grab samples were taken from within shafts that were recently opened by local miners (see Figure 1) immediately north of Randy's Pit. The highlight samples returned 76.6 grams per tonne (g/t) gold and 23.7 g/t gold, and the most northern shaft showed west-dipping transposed sugary veins with grab samples up to 6.5 g/t gold.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less

Latest Press Releases

Related News

×