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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.