Business
Omineca Announces Closing of Private Placement Financing for Exploration
Omineca Announces Closing of Private Placement Financing for Exploration Canada...
About this update from Omineca Mining And Metals Ltd.
[{"type":"text","content":"\n \n \n \n Omineca Announces Closing of Private Placement Financing for Exploration\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n /NOT FOR DISTRIBUTION TO\n \n UNITED STATES\n \n NEWSWIRE SERVICES OR FOR DISSEMINATION IN\n \n THE UNITED STATES\n \n ./\n \n \n \n \n \n \n SASKATOON, SK\n \n \n ,\n \n \n Nov. 16, 2022\n \n \n /CNW/ - Omineca Mining and Metals Ltd.'s (TSXV: OMM) (\"\n \n Omineca\n \n \" or the \"\n \n Company\n \n \") announces that it has completed a non-brokered private placement offering (the \"\n \n Offering\n \n \") of 9,374,999 units of the Company (the \"\n \n Units\n \n \") at a price of\n \n $0.08\n \n per Unit for gross proceeds of\n \n $750,000\n \n .  Each Unit consists of one common share of the Company (a \"\n \n Unit Share\n \n \") and one (1) common share purchase warrant (a \"\n \n Warrant\n \n \"). Each Warrant entitles the holder to purchase one common share of the Company at an exercise price of\n \n $0.12\n \n until\n \n November 16, 2024\n \n .\n \n \n \n \n \n \n \n \n \n The net proceeds of the Offering will used to accelerate and continue the Company's hard rock gold exploration and drilling activity at its exploration projects in the Cariboo Mining District in south-central\n \n British Columbia\n \n and for general working capital purposes.\n \n \n The Units, and the underlying securities comprising the Units issued under the Offering are subject to a statutory hold period expiring\n \n March 17, 2023\n \n . In connection with the Offering, the Company has paid certain finders a cash finder fee of 7% of applicable subscription price.\n \n \n Omineca advises that insiders of the company participated in the Offering, which was completed pursuant to available related party exemptions under Multilateral Instrument 61-101.\n \n \n \n About Omineca Mining and Metals Ltd.\n \n \n Omineca's\n \n flagship\n \n Wingdam\n \n gold exploration and placer recovery project is located along the\n \n Barkerville\n \n Highway 45 km east of the City of\n \n \n Q...