By Devika Patel
Knoxville, Tenn., Oct. 7 - Opawica Explorations Inc. said it completed a non-brokered private placement of stock, raising C$1.15 million. The deal priced for up to C$1.28 million on Sept. 23.
The company sold 2.7 million shares at C$0.40 apiece.
Proceeds will be used for the continued exploration and related works primarily on the Atikwa Lake property.
Vancouver, B.C.-based Opawica is a gold exploration company.
| Issuer: | Opawica Explorations Inc.
|
| Issue: | Shares
|
| Amount: | C$1,148,000
|
| Shares: | 2.7 million
|
| Price: | C$0.40
|
| Warrants: | No
|
| Agent: | Non-brokered
|
| Pricing date: | Sept. 23
|
| Settlement date: | Oct. 7
|
| Stock symbol: | Toronto: OPW
|
| Stock price: | C$0.42 at close Sept. 22
|
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