Omega Pacific Resources Inc. Issues Second Tranche of Shares under Lekcin Property Option Agreement
Omega Pacific Resources Inc. Issues Second Tranche of Shares under Lekcin
Property Option Agreement
VANCOUVER, BC / August 10, 2023 / Omega Pacific Resources Inc. (CSE: OMGA)
("Omega" or the "Company"), further to its news release dated April 28, 2023 is pleased
to announce that it issued the second tranche of 100,000 common shares (the “Shares”)
pursuant to the Binding Letter Agreement dated August 10, 2022 between the optionors
and the Company for the option to purchase the Lekcin Property, located in the Lillooet
Mining Division, British Columbia.
The Shares have been issued at a deemed price of $0.07 per Share and are subject to a
hold period expiring four months and one day from the date of issue.
After the issuance of the Shares, the Company has a total of 20,483,001 common shares
issued and outstanding.
For more information about the Lekcin Property and the Binding Letter Agreement please
see the news release of the Company dated April 28, 2023.
About Omega Pacific Resources Inc.
Omega Pacific Resources Inc. is a British Columbia-based mineral exploration company
that is primarily engaged in the acquisition, development and exploration of mineral
resources. Currently, the Company is focused on its principal property, the Lekcin
Property, which is in the exploration stage. The Property consists of 5 mining cell claims
totaling approximately 2,436.93 hectares located 10 km northwest of the town of Hope
and 120 km east of the city of Vancouver. The company may also evaluate the acquisition
of other mineral exploration assets and opportunities. Omega is publicly listed on the
Canadian Stock Exchange (CSE) under trading symbol "OMGA".
On Behalf of the Board of Directors
Omega Pacific Resources Inc.
Sheri Lynn Rempel
Director and Chief Financial Officer
Tel: (778) 790-0886
Email: [email protected]
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that
term is defined in the p olicies of the CSE) accepts responsibility for the adequacy or
accuracy of this release.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION:
This news release includes certain "forward -looking statements" under applicable
Canadian securities legislation. Forward -looking statements consist of statements that
are not purely historical, including any statements regarding beliefs, plans, expectatio ns
or intentions regarding the future. Forward -looking statements in this news release
include statements with respect to receipt of final approval from the Canadian Securities
Exchange and the expected timing of commencement of trading. Forward -looking
statements are subject to various known and unknown risks and uncertainties that may
cause actual results, performance or developments to differ materially from those
contained in the statements, including risks related to factors beyond the control of the
Company, including, but not limited to: changes in general economic conditions or
conditions in the financial and capital markets; uncertainties related to the availability and
costs of financing needed in the future; business and economic conditions in the mineral
exploration industry generally; the supply and demand for labour and other project inputs;
changes in commodity prices; changes in interest and currency exchange rates; risks
related to inaccurate geological and engineering assumptions; risks rela ting to
unanticipated operational difficulties (including failure of equipment or processes to
operate in accordance with the specifications or expectations, unavailability of materials
and equipment, government action or delays in the receipt of governmen t approvals,
industrial disturbances or other job action and unanticipated events related to health,
safety and environmental matters); risks related to adverse weather conditions and
geopolitical risk and social unrest. There can be no assurance that such statements will
prove to be accurate, as actual results and future events could differ materially from those
anticipated in such statements. Accordingly, readers should not place undue reliance on
forward-looking statements. The Company disclaims any intention or obligation to update
or revise any forward-looking statements, whether as a result of new information, future
events or otherwise, except as required by law.