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Omai Gold Mines Corp. Announces Closing of $13 Million Brokered Private Placement
Toronto, Ontario--(Newsfile Corp. - June 20, 2024) -   Omai Gold Mines Corp. (TSXV: OMG) (O...
About this update from Omai Gold Mines Corp.
[{"type":"text","content":"Omai Gold Mines Corp. Announces Closing of $13 Million Brokered Private PlacementToronto, Ontario--(Newsfile Corp. - June 20, 2024) -  Omai Gold Mines Corp. (TSXV: OMG) (OTCQB: OMGGF) (\"Omai\" or the \"Company\") is pleased to announce that it has completed its previously announced brokered private placement offering (the \"Offering\") of 108,333,333 common shares (each, a \"Share\") of the Company at a price of $0.12 per Share (the \"Issue Price\") for gross proceeds of approximately $13,000,000.The Offering was conducted by Paradigm Capital Inc., acting as lead agent and sole bookrunner, and Maison Placements Canada Inc., Pollitt & Co. Inc. and Velocity Trade Capital Ltd. (collectively, the \"Agents\"). In connection with the Offering, the Company paid to the Agents a cash commission of $751,800.28 and issued 6,265,002 broker warrants (the \"Broker Warrants\"). Each Broker Warrant is exercisable into one Share of the Company at a price of $0.12 per Share for a period of 24 months from the date hereof. Additionally, as consideration for financial advisory services provided in connection with the Offering, the Company paid the Agents an additional cash advisory fee of $158,199.72 and issued to the Agents an additional 1,318,331 Broker Warrants. The net proceeds from the Offering will be used for exploration and development, and general working capital purposes.The securities issued under the Offering are subject to a hold period expiring four months and one day from the closing date of the Offering. The Offering remains subject to final acceptance of the TSX Venture Exchange.The securities offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any State in which such offer, solicitation or sale would be unlawful.About OMAI GOLD MINES CORP.Omai Gold Mines Corp. holds a 100% interest in the Omai Prospecting License that includes the past producing Omai Gold Mine in Guyana, and a 100% interest in the adjoining Eastern Flats Mining Permits. The Company announced a Preliminary Economic Assessment (\"PEA\") on its Wenot d...