By Sheri Kasprzak
New York, Dec. 22 - Opawica Explorations Inc. settled a private placement for C$1.147 million.
The company sold 16,385,713 units at C$0.07 each.
Each unit consists of one flow-through share and one half-share warrant. The whole warrants are exercisable at C$0.07 each for one year.
Also, the company has priced a second offering of 3,614,287 units of non flow-through shares at C$0.07 each. The units include one share and one half-share warrant. Each whole warrant is exercisable at C$0.07 for one year.
Proceeds from both deals will be used for exploration on the company's Atikwa Lake copper-gold property near Kenora, Ont., on the company's Matachewan gold properties in northeastern Ontario and on the Madoc gold properties in southeastern Ontario.
Vancouver, B.C.-based Opawica is a gold exploration company.
Flow-through units
| Issuer: | Opawica Explorations Inc.
|
| Issue: | Flow-through units of one share and one half-share warrant
|
| Amount: | C$1.147 million
|
| Units: | 16,385,713
|
| Price: | C$0.07
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | One year
|
| Warrant strike price: | C$0.07
|
| Settlement date: | Dec. 22
|
| Stock symbol: | Toronto: OPW
|
| Stock price: | C$0.07 at close Dec. 22
|
|
|
| Non flow-through units
|
| Issuer: | Opawica Explorations Inc.
|
| Issue: | Non flow-through units of one share and one half-share warrant
|
| Amount: | C$253,000
|
| Units: | 3,614,287
|
| Price: | C$0.07
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | One year
|
| Warrant strike price: | C$0.07
|
| Pricing date: | Dec. 22
|
| Stock symbol: | Toronto: OPW
|
| Stock price: | C$0.07 at close Dec. 22
|
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