Business
Opawica Explorations Inc. announces private placement
Opawica Explorations Inc. announces private placement
About this update from Opawica Explorations Inc.
[{"type":"text","content":"\n\n\n\n Aug. 27, 2010 (Canada NewsWire Group) -- \n\n \n \n \nTR.cnwUnderlinedCell TD {\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD {\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD {\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell {\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell {\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell {\n BORDER-BOTTOM: #000000 3px solid\n}\n\nVANCOUVER, Aug. 27 /CNW/ - Opawica Explorations Inc. (TSX.V: OPW / OTC: OPWEF / Frankfurt: OE5A) ("Opawica" / the "Company") announces a $400,000 private placement unit of offering (the "Offering").\nThe Offering consists of up to 4,000,000 units at $0.10 per unit. Each unit consists of one flow-through share with a half warrant attached to each share. One full warrant entitles the holder to acquire one further non-flow-through share of the Company at $0.15 per share for a one year term.\nInsiders will subscribe for up to 1,000,000 units of the offering. In addition, finders fees are payable on non-insider participation of 8% in cash and 8% in compensation warrants. Compensation warrants are exercisable into common shares of the Company at $0.10 per share for a one year term.\nThe private placement is subject to regulatory approvals and filings.\n\nNeither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. The forgoing information may contain forward-looking statements relating to the future performance of the Company. Forward looking statements, specifically those concerning future performance or events, are subject to certain risks and uncertainties, and actual results may differ materially. These risks and uncertainties are detailed from time to time in the Company's filings with the appropriate regulatory authorities. We seek safe harbour.\n\n\n%SEDAR: 00003958E\n\n\n\nJonathan Samuda, Director / Corporate Secretary, Tel: (604) 681-3170, Fax: (604) 681-3552, Website: www.opawica.com\n\n","length":2401,"tagName":"div"}]