Source:Mining.com
  • Omineca (OMM) announced a brokered offering of flow-through units for gross proceeds of up to $2,000,000
  • The offering is anticipated to close on or about March 22, 2023
  • Omineca Mining and Metals Ltd is a junior gold company
  • Omineca Mining and Metals Ltd. (OMM) opened trading at C$0.155

Omineca (OMM) announced a brokered offering of flow-through units at a price of $0.11 per unit for gross proceeds of up to $2,000,000.

Each FT unit will include one common flow-through share and one purchase warrant. Each warrant will entitle the holder to purchase one additional at an exercise price of $0.14 for a period of 36 months.

The company has signed an agreement with Research Capital Corporation as the sole agent and bookrunner. The company will grant the agent an option to increase the size of the offering by up to 15 per cent.

The offering is anticipated to close on or about March 22, 2023.

About Omineca Mining and Metals Ltd.

Omineca Mining and Metals Ltd is a junior gold company focused on the acquisition, exploration, and development of mineral properties in British Columbia and Yukon.

Omineca Mining and Metals Ltd. (OMM) opened trading at C$0.155.


More From The Market Online

American Tungsten completes minority investment to advance U.S. tungsten assets

American Tungsten (CSE:TUNG) completed a AUD$750,000 minority investment in Viking Mines, subscribing for 150 million shares.

RZOLV recycles silver from solar panel scraps

RZOLV Technologies (TSXV:RZL) achieved 89.8 per cent silver recovery rates in preliminary bench-scale tests on solar panel concentrate.

StockTalk | Gold Report: Turning discipline into dollars

Stockhouse's weekly gold report brings you top stories about mining stocks vying for a spot on your watchlist.

Nova Pacific Metals adds polymetallic resource in BC

Nova Pacific Metals (CSE:NVPC) publishes a mineral resource estimate for the Coronation deposit at its Lara project in British Columbia.