Omineca Mining and Metals Ltd. to Extend Warrants
OMINECA MINING AND METALS LTD. TO
EXTEND WARRANTS
/NOT FOR DISTRIBUTION TO
UNITED STATES
NEWSWIRE SERVICES OR FOR
DISSEMINATION IN
THE UNITED STATES
/
SASKATOON, SK
,
Nov. 7, 2022
/CNW/ -
Omineca Mining and Metals Ltd.
("
Omineca
" or the
"
Company
") (TSXV: OMM) announces that it is making an application to the TSX Venture Exchange
(the "
Exchange
") to amend the expiry date of its share purchase warrants originally issued on
November 25, 2020
(the "
Warrants
"). The Warrants that are the subject of the amendment
application were originally set to expire 24 months after the date of issue. The application is to
amend the expiry date to a date that is 36 months after the date of issuance, such that, if approved
by the Exchange, the Warrants originally set to expire
November 25, 2022
, will instead expire
November 25, 2023
. For further information on the original issuance of the Warrants, please see the
Company's press release dated
November 25, 2020
. Holders of Warrants will not receive an
amended Warrant certificate.
Completion of the proposed amendment to the terms of the Warrants is subject to the final approval
of the Exchange.
About Omineca Mining and Metals Ltd.
Omineca's flagship Wingdam gold exploration and placer recovery project is located along the
Barkerville Highway 45 km east of the
City of Quesnel, British Columbia
. The Wingdam project
includes mineral tenures totaling over 61,392 hectares (613 square kms) and in excess of 15 linear
kilometers of placer claims, both encompassing the Lightning Creek valley where topographic
conditions created thick layers of overburden, which preserved a large portion of a buried
paleochannel containing placer gold-bearing gravels. Omineca also has an exploration and diamond
drill program currently underway exploring for the potential multiple hard rock sources of the placer
gold at Wingdam.
ANY SECURITIES REFERRED TO HEREIN WILL NOT BE REGISTERED UNDER THE US.
SECURITIES ACT OF 1933 (THE "
1933 ACT
") AND MAY NOT BE OFFERED OR SOLD IN
THE
UNITED STATES
OR TO A U.S. PERSON IN THE ABSENCE OF SUCH REGISTRATION OR AN
EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE 1933 ACT.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall
there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would
be unlawful.
Forward Looking Statements
This release includes forward-looking statements regarding Omineca and its business. Such
statements are based on the current expectations and views of future events of Omineca's
management. In some cases the forward-looking statements can be identified by words or phrases
such as "may", "will", "expect", "plan", "anticipate", "intend", "potential", "estimate", "believe" or the
negative of these terms, or other similar expressions intended to identify forward looking
statements. The forward-looking events and circumstances discussed in this release may not
occur and could differ materially as a result of the failure to complete the amendment of the
Warrants, known and unknown risk factors and uncertainties affecting Omineca, including risks
regarding the resource industry, economic factors and the equity markets generally and many
other factors beyond the control of Omineca. No forward-looking statement can be guaranteed.
Forward-looking statements and information by their nature are based on assumptions and involve
known and unknown risks, uncertainties and other factors which may cause our actual results,
performance or achievements, or industry results, to be materially different from any future results,
performance or achievements expressed or implied by such forward-looking statement or
information. Accordingly, readers should not place undue reliance on any forward-looking
statements or information. Forward-looking statements speak only as of the date on which they are
made and Omineca undertakes no obligation to publicly update or revise any forward-looking
statement, whether as a result of new information, future events, or otherwise, except as required
by applicable securities laws.
Neither the 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.
SOURCE
Omineca Mining and Metals Ltd
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For further information:
Tom MacNeill, President and CEO, 306-653-2692
CO: Omineca Mining and Metals Ltd
CNW 17:52e 07-NOV-22