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Omineca Announces Closing of Upsized $3.2 Million Brokered Financing
Omineca Announces Closing of Upsized $3.2 Million Brokered Financing Canada NewsWire ...
About this update from Omineca Mining And Metals Ltd.
[{"type":"text","content":"\n \n \n \n Omineca Announces Closing of Upsized $3.2 Million Brokered Financing\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 /NOT FOR DISSEMINATION IN OR INTO\n \n THE UNITED STATES\n \n OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES/\n \n \n \n \n \n SASKATOON, SK\n \n \n ,\n \n \n March 23, 2023\n \n \n /CNW/ - Omineca Mining and Metals Ltd. (\"\n \n Omineca\n \n \" or the \"\n \n Company\n \n \") (TSXV: OMM) is pleased to announce that it has closed its previously announced brokered private placement offering (the \"\n \n Offering\n \n \") of 29,272,675 flow-through units of the Company (the \"\n \n FT Units\n \n \") at a price of\n \n $0.11\n \n per FT Unit for aggregate gross proceeds of approximately\n \n $3.2 million\n \n , including the full exercise of the agent's option. The Offering was led by Research Capital Corporation as the sole agent and sole bookrunner (the \"\n \n Agent\n \n \").\n \n \n \n \n \n \n \n \n \n Each FT Unit was comprised of one common share of the Company (a \"\n \n Common Share\n \n \") and one purchase warrant of the Company (a \"\n \n Warrant\n \n \"), each of which qualifies as a \"flow-through share\" within the meaning of subsection 66(15) of the\n \n Income Tax Act\n \n (\n \n Canada\n \n ) (the \"\n \n Tax Act\n \n \"). Each Warrant entitles the holder thereof to purchase one Common Share at an exercise price of\n \n $0.14\n \n for a period of 36 months from the Closing Date (as defined herein).\n \n \n The Offering was conducted pursuant to the amendments to National Instrument 45-106 –\n \n Prospectus Exemptions\n \n (\"\n \n NI 45-106\n \n \") set forth in Part 5A thereof (the \"\n \n Listed Issuer Financing Exemption\n \n \") to purchasers resident in\n \n Canada\n \n , except Québec. The Common Shares and Warrants underlying the FT Units offered under the Listed Issuer Financing Exemption will not be subject to resale restrictions pursuant to applicable Canadian securities laws.\n \n \n The gross proceeds from the sale of FT Units wil...