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Opawica Announces $2,000,000 Flow Through Placement
(TheNewswire) Vancouver, B.C. - TheNewswire - December 7 th ,...
About this update from Opawica Explorations Inc.
[{"type":"text","content":"Opawica Announces $2,000,000 Flow Through Placement\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n Vancouver, B.C. -\n \n \n TheNewswire -\n \n \n December 7\n \n \n th\n \n \n , 2021\n \n \n – Opawica\nExplorations Inc. (the “Company”) (TSXV:OPW) (OTC:OPWEF) is\npleased to announce that it proposes to undertake a private placement\nto raise gross proceeds of up to $2,000,000 (the “Offering”). The\nCompany proposes to raise up to $2,000,000 through the sale of up to\n3,636,363 flow-through units priced at $0.55 (the “FT Units”).\nEach FT Unit consists of one flow-through common share and one-half of\na share purchase warrant, with each whole Warrant exercisable into one\nfurther common share at a price of $0.75 for a term of two\nyears.\n \n \n \n \n The Offering will be conducted under available\nexemptions from the prospectus requirements of applicable securities\nlegislation and participation in the Offering will be available to\nexisting shareholders in qualifying jurisdictions in Canada in\naccordance with the provisions of BC Instrument 45-354 (the\n“Existing Shareholder Exemption”) and similar provisions in other\njurisdictions’ securities legislation and will be available to\npersons in qualifying jurisdictions in Canada who have obtained advice\nas to the suitability of the investment from a person registered as an\ninvestment dealer in accordance with the provisions of BC Instrument\n45-536 and similar provisions in other jurisdictions’ securities\nlegislation.\n \n \n \n \n The Company has set December 10\n \n \n th\n \n \n , 2021, as the\nrecord date for the purpose of determining shareholders entitled to\nparticipate in the Offering in reliance on the Existing Shareholder\nExemption. Qualifying shareholders who wish to participate in the\nOffering should contact the Company as detailed below. If the Offering\nis oversubscribed, units will be allocated pro rata amongst all\nsubscribers.\n \n \n \n \n The proceeds from the sale of the flow-through portion\nof the Offering will be used for exploration activity on the\nCompany’s 100% owned Bazooka and Arrowhead properties located near\nRouyn-Noranda, Quebec, where drilling is expected to commence this\nyear.\n \n \n \n \n Finders’ fees in connection with the Offering may be\npaya...