Opawica Explorations Inc.

Published : November 17th, 2014

Opawica Announces Proposed Private Placement

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Opawica Announces Proposed Private Placement


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THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES FOR DISSEMINATION IN THE UNITED STATES

NEWS RELEASE

Vancouver, B.C. - November 5, 2014 ‐ Opawica Explorations Inc. (TSX.V: OPW) (the

"Company") announces that it proposes, subject to the acceptance of the TSX Venture
Exchange, to undertake a private placement to raise up to $81,000 by the issuance of 8,100,000 units at a price of $0.01 per unit pursuant to a discretionary waiver of the $0.05 minimum pricing requirement granted by the TSX Venture Exchange (the "Offering"). The units will be
comprised of one common share and one-half of a warrant, with each whole warrant entitling the holder to acquire a further common share of the Company at a price of $0.05 per share for a term of 24 months.
Proceeds from the Offering combined with cash on hand of $42,000 will be used to pay outstanding accounts payable of $88,000, including $26,312.86 due to related parties, and the balance will be used for general working capital.
The Offering will be conducted under available exemptions from the prospectus requirements of applicable securities legislation and participation in the Offering will be available to existing shareholders in qualifying jurisdictions in Canada in accordance with the provisions of Multilateral CSA Notice 45-313 and BC Instrument 45-354 (the "Existing Shareholder Exemption"). The Company has set November 4, 2014 as the record date for the purpose of determining shareholders entitled to participate in the Offering in reliance on the Existing Shareholder Exemption. Qualifying shareholders who wish to participate in the Offering should contact the Company at the contact information set forth below. If the Offering is over subscribed for, units will be allocated pro-rata amongst all subscribers.
It is anticipated that the Offering will close on or about December 15, 2014.

FOR FURTHER INFORMATION CONTACT:

Alexander (Sandy) Bain
President
Opawica Explorations Inc. Telephone: 604-681-3170
Fax: 604-681-3552 [email protected]

Neither TSX Venture Exchange nor its Regulations Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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Data and Statistics for these countries : Canada | All
Gold and Silver Prices for these countries : Canada | All

Opawica Explorations Inc.

EXPLORATION STAGE
CODE : OPW.V
ISIN : CA6834763030
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Opawica is a gold and copper development stage company based in Canada.

Opawica holds various exploration projects in Canada.

Its main exploration properties are MADOC DINGMAN, CHANCE and ATIKWA in Canada.

Opawica is listed in Canada and in United States of America. Its market capitalisation is CA$ 2.0 millions as of today (US$ 1.5 millions, € 1.4 millions).

Its stock quote reached its highest recent level on January 07, 2011 at CA$ 7.68, and its lowest recent point on January 01, 2016 at CA$ 0.01.

Opawica has 29 130 000 shares outstanding.

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Financings of Opawica Explorations Inc.
9/25/2008private placement oversubscribed
5/23/2008PRIVATE PLACEMENT UNIT OFFERING CLOSES
Project news of Opawica Explorations Inc.
7/8/2011(Atikwa)(TSX VENTURE:OPW) Drilling Update From Atikwa Lake Gold-Copp...
7/21/2010Preliminary Scoping Study Pending, Opawica Continues Drillin...
2/4/2009(Madoc Dingman)Announces Resources and Update for the Atikwa Lake Gold-Copp...
2/4/2009(Atikwa)Announces Resources and Update for the Atikwa Lake Gold-Copp...
5/22/2008(Atikwa)'s Atikwa Lake and Dingman properties continue to return pro...
Corporate news of Opawica Explorations Inc.
6/18/2016RT MINERALS CORP. ANNOUNCES GROUND EXPLORATION PROGRAM
12/12/2014Opawica Abandons Teck Property Option
11/17/2014Opawica Announces Proposed Private Placement
9/2/2014Opawica Mobilizes Teck Property Trenching and Diamond Drill ...
10/30/2012Commences Field Program on Teck-Kirkland Property
3/25/2011
8/13/2008Exlorations announces it's most significant drill intercept ...
8/1/2008announces Atikwa Lake results
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