Opawica Explorations Closes $190,000 Private Placement
02 December 2011 - 4:41AM
Marketwired Canada
Opawica Explorations Inc. (TSX VENTURE:OPW) ("Opawica" or the "Company").
Further to its news releases of November 7, 2011 and November 23, 2011, the
Company is pleased to announce that it has received $190,000 from the placement
of 3,800,000 units (the "Units") at a price of $0.05 per Unit, each Unit
consisting of one flow-through common share and one share purchase warrant, with
each whole warrant entitling the holder to acquire a common share of the Company
at a price of $0.10 per share for a term of two years.
All securities issued in connection with the placement are subject to a hold
period expiring March 31, 2012.
Proceeds from this placement will be used for general working capital.
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