By Sheri Kasprzak
Atlanta, April 7 - Opawica Explorations Inc. said it has priced a private placement of units for C$1.5 million.
The company sold 25 million units at C$0.06 each.
The units are comprised of one share and one half-share warrant. The whole warrants provide for an additional share at C$0.10 each for one year.
One insider of the company will subscribe for a total of 1 million units.
Based in Aurora, Ont., Opawica is a gold and mineral exploration company.
| Issuer: | Opawica Explorations Inc.
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| Issue: | Units of one share and one half-share warrant
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| Amount: | C$1.5 million
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| Units: | 25 million
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| Price: | C$0.06
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| Warrants: | One half-share warrant per unit
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| Warrant expiration: | One year
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| Warrant strike price: | C$0.10
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| Pricing date: | April 6
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| Stock price: | C$0.07 at close April 6
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