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Omai Gold Mines Corp. Announces Upsize of Previously Announced Private Placement to $13 Million
Toronto, Ontario--(Newsfile Corp. - June 4, 2024) - Omai Gold Mines Corp. (TSXV: OMG) (OTCQB: O...
About this update from Omai Gold Mines Corp.
[{"type":"text","content":"Omai Gold Mines Corp. Announces Upsize of Previously Announced Private Placement to $13 MillionToronto, Ontario--(Newsfile Corp. - June 4, 2024) - Omai Gold Mines Corp. (TSXV: OMG) (OTCQB: OMGGF) (\"Omai\" or the \"Company\") is pleased to announce that, due to investor demand, the Company and Paradigm Capital Inc. (the \"Agent\") have agreed to increase the size of the Company's previously-announced best efforts private placement offering (the \"Offering\"). The amended Offering is now for 108,333,333 common shares of the Company (the \"Shares\") at a price of $0.12 per Share (the \"Issue Price\") for total gross proceeds of $13,000,000. The net proceeds from the Offering will be used for exploration and development, and general working capital purposes.The Offering is expected to close on or about June 20, 2024 (the \"Closing Date\") and is subject to certain closing conditions including, but not limited to, the receipt of all necessary approvals including the conditional listing approval of the TSX Venture Exchange and the applicable securities regulatory authorities. The Offering is being made by way of private placement in Canada, in the United States pursuant to an exemption from the registration requirements of the United States Securities of 1933, as amended, and in such other jurisdictions as may be mutually agreed upon by the Agent and the Company. The securities issued under the Offering will be subject to a hold period in Canada expiring four months and one day from the Closing Date.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 deposit at Omai on April 4, 2024, supporting an open pit operation to produce 1.84 million ou...