Opawica Explorations Inc. (TSX.V – OPW) Announces Private Placement
August 4, 2011
NEWS RELEASE
OPAWICA EXPLORATIONS INC. (TSX.V – OPW) ANNOUNCES PRIVATE PLACEMENT
OPAWICA EXPLORATIONS INC. (“Opawica” / the “Company”) (TSX.V – OPW) wishes to announce a private placement offering of up to 12,000,000 units at a price of $0.10 per unit for gross proceeds of up to $1,200,000. Each unit consists of one flow-through common share and a half warrant attached to each share. One full warrant entitles the holder to purchase one further non-flow through common share of the Company at a price of $0.15 per share for a term of one year. Finders’ fees may be paid in accordance with the policies of the TSX Venture Exchange (the “Exchange”). Closing of the placement remains subject to the acceptance of the Exchange.
Proceeds from this private placement will be used to fund exploration and development activities on the Company’s mineral properties in Canada.
FOR FURTHER INFORMATION CONTACT:
Donald (Dan) M. Clark, Chairman Tel: 604-681-3170 Fax: 604-681-3552 Website: www.opawica.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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