Business
Opawica Explorations Inc Announces the Closing of Non-Brokered Private Placement
(TheNewswire) April 3rd, 2025 – TheNewswire - Vancouver, B.C. – Opawi...
About this update from Opawica Explorations Inc.
[{"type":"text","content":"Opawica Explorations Inc Announces the Closing of Non-Brokered Private Placement\n\n\n (TheNewswire)\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n April 3rd, 2025 –\n \n\n TheNewswire -\n \n\n Vancouver, B.C. – Opawica Explorations\nInc.\n \n\n (TSXV: OPW) (FSE: A2PEAD) (OTCQB: OPWEF)\n(the “Company” or “Opawica”)\n \n , a Canadian mineral\nexploration company focused on precious and base metal projects, is\npleased to announce that it has closed the  the recently announced\noversubscribed private placement (announced March 15, 2025) of\n1,385,000 Units to for total aggregate proceeds of CAD $277,000 each\nconsisting of one Common Share of the Company and one Common Share\nPurchase Warrant at a price of $0.20c per Unit.\n \n\n Each purchase Warrant is exercisable into one Common Share at an\nexercise price of $0.30 per share at any time up to 24 months\nfollowing the closing date.\n \n The Company also maintains\na Warrant Acceleration option allowing Opawica to accelerate the\nexpiry date of the Warrants if the daily trading price of the Common\nShares on the TSX Venture Exchange is greater than $0.42 per Common\nShare for the preceding 10 consecutive trading days. All securities\nissued under the Offering and including Warrants will be subject to a\nfour (4) month holding period.\n \n\n\n The Company intends to use a portion of the net proceeds to advance\ndrilling obligations on its flagship properties and administrative\nobligations at the gold properties in the Abitibi Gold Belt, general\nworking capital purposes and marketing awareness initiatives.\n \n\n\n The Private Placement remains subject to receipt of all\nrequired approvals, including the final approval of the TSX Venture\nExchange, as well as execution of formal documentation.\n \n\n\n\n A\n \n\n bout Opawica Explorations Inc.\n \n\n\n Opawica Explorations Inc. is a junior Canadian exploration company\nwith a strong portfolio of precious and base metal properties within\nthe Rouyn-Noranda region of the Abitibi Gold Belt in Québec. The\nCompany’s management has a great track record in discovering and\ndeveloping successful exploration projects. The Company’s objective\nis to increase shareholder value through the development of\nexploration properties using cost effective exploration practices,\nacquiring furth...