Business
Omega Pacific Closes First Tranche of Offering
Vancouver, British Columbia--(Newsfile Corp. - August 18, 2025) - Omega Pacific Resources Inc. (CSE: OMGA) (OTCQB: OMGPF) (FSE: Q0F) ("Omega Pacific" or the "Company") announces the Company has closed the first tranche (the "First Tranche") of its non-brokered private placement (the "Offering") previously announced on June 17, 2025. The First Tranche has resulted in the sale of 570,372 flow-through units (the "FT Units") for gross proceeds of $77,000 and 2,155,000 non flow-through units ...
About this update from Omega Pacific Resources, Inc.
[{"type":"text","content":"Vancouver, British Columbia--(Newsfile Corp. - August 18, 2025) - Omega Pacific Resources Inc. (CSE: OMGA) (OTCQB: OMGPF) (FSE: Q0F) ("Omega Pacific" or the "Company") announces the Company has closed the first tranche (the "First Tranche") of its non-brokered private placement (the "Offering") previously announced on June 17, 2025. The First Tranche has resulted in the sale of 570,372 flow-through units (the "FT Units") for gross proceeds of $77,000 and 2,155,000 non flow-through units (the "Units") for gross proceeds of $215,500, for a grand total of $292,500. The proceeds will be used for a planned exploration program on the Williams Property, located on the Williams Property in BC's Toodoggone Dirstrict and for general working capital.","length":813,"tagName":"p"},{"type":"text","content":"Each Unit consists of one non flow-through common share (a "Share") and one share purchase warrant (a "Unit Warrant") exercisable into one additional non flow-through common share at a price of $0.15 per share for a 2-year period. The Unit Warrants are subject to earlier expiry in the event that the closing price of the common shares exceeds $0.25 for 15 consecutive trading days.","length":402,"tagName":"p"},{"type":"text","content":"Each FT Unit consists of one flow-through common share (a "FT Share") and one share purchase warrant (a "FT Unit Warrant") exercisable into one additional non flow-through common share at a price of $0.20 per share for a 2-year period. The FT Unit Warrants are subject to earlier expiry in the event that the closing price of the common shares exceeds $0.25 for 15 consecutive trading days.","length":410,"tagName":"p"},{"type":"text","content":"In connection with the sale of the Units and FT Units, the Company paid a total of $16,450 in cash, and issued an aggregate of 155,426 finder's warrants (the "Finder's Warrants") to eligible finders for certain of the Units and/or FT Units sold. Of these 155,426 Finder's Warrants, 25,926 Finder's Warrants are exercisable at a price of $0.135 per share for up to 2 years from the date of issuance, and 129,500 Finder's Warrants are exercisable at a price of $0.10 per share for up to 2 years from the date of issuance. All of the Finder's War...