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Opawica Explorations Inc. Increases Offering To $5 Million
(TheNewswire) Vancouver, B.C. - TheNewswire – June 1, 2021 ...
About this update from Opawica Explorations Inc.
[{"type":"text","content":"Opawica Explorations Inc. Increases Offering To $5 Million\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n Vancouver, B.C. -\n \n \n TheNewswire\n \n \n – June 1, 2021\n \n \n –\nOpawica Explorations Inc. (the “Company”) (TSXV:OPW) is pleased to\nannounce that due to tremendous investor interest, the Company has\nincreased the size of its private placement (the “Offering”) first\nannounced on May 12, 2021 from $4,000,000 to $5,010,500.  The Company\nanticipates that it will sell 8,363,750 non flow-through units (“NFT\nUnits”) priced at $0.40 for gross proceeds of $3,345,500 and\n3,330,000 flow-through units (“FT Units”) priced at $0.50 for\ngross proceeds of $1,665,000.  Each NFT Unit consists of one common\nshare and one-half of one share purchase warrant, with each whole\nwarrant exercisable into one further common share at a price of $0.60\nfor a term of two years.  Each FT Unit consists of one flow-through\ncommon share and one half of one share purchase warrant, with each\nwhole warrant exercisable into one further common share at a price of\n$0.60 for a term of two years.\n \n \n \n \n The Company closed the First Tranche of the Offering on\nMay 31, 2021 for gross proceeds of $3,129,500 and expects to close the\nFinal Tranche of the Offering on June 4, 2021.  The Offering is\nsubject to the acceptance of the TSX Venture Exchange.\n \n \n \n About Opawica Explorations Inc.\n \n \n \n Opawica is a Canadian mineral exploration company with\na strong portfolio of precious and base metal properties within the\nRouyn-Noranda region of the Abitibi gold belt in Quebec and in Central\nNewfoundland and Labrador. The Company's management has a great record\nin discovering and developing successful exploration projects. The\nCompany's objective is to increase shareholder value through the\ndevelopment of exploration properties using cost-effective exploration\npractices, acquiring further exploration properties and seeking\npartnerships by either joint venture or sale with industry\nleaders.\n \n \n \n FOR FURTHER INFORMATION CONTACT:\n \n \n \n Blake Morgan\n \n \n \n \n President and Chief Executive Officer\n \n \n \n \n Opawica Explorations Inc.\n \n \n \n \n Telephone: 604-681-3170\n \n \n \n \n Fax: 604-681-3552\n \n \n \n \n Disclaimer for ...