Omineca To Extend Warrants
Omineca To Extend Warrants
/NOT FOR DISTRIBUTION TO
UNITED STATES
NEWSWIRE SERVICES OR FOR
DISSEMINATION IN
THE UNITED STATES
./
SASKATOON, SK
,
March 31, 2022
/CNW/ - Omineca Mining and Metals Ltd. (TSXV: OMM)
("
Omineca
" or the "
Company
") 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
April 27, 2020
and
May 21, 2020
(the "
Warrants
"). The Warrants that are the subject of
the amendment application were originally set to expire after 24 months of 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 the Exchange, the Warrants set to expire
April 27, 2022
will instead expire April 27,
2023
and the Warrants set to expires
May 21, 2022
will instead expire May 21,
2023.
For further
information on the original issuance of the Warrants, please see the Company's press releases
dated
April 28, 2020
and
May 21, 2020
.
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 Mining and Metals Ltd.'s flagship Wingdam gold exploration and placer recovery project is
located along the Barkerville Highway 45 km east of the town of
Quesnel
. The Wingdam Property
includes mineral tenures totaling over 50,000 hectares (500 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 a diamond drill program
currently underway exploring for the potential multiple hard rock sources of the placer gold at
Wingdam.
This news release does not constitute an offer to sell, or the solicitation of an offer to buy securities
in any jurisdiction in which such offer or solicitation would be unlawful prior to registration or
qualification under the securities laws of such jurisdiction.
The securities described herein have not been, and will not be, registered under the United
States Securities Act of 1933, as amended (the "
Securities Act
"), or the securities laws of any
state of the
United States
, and may not be offered or sold in the United States or to, or for the
account or benefit of, any U.S. Person (as defined in Regulation S of the Securities Act) or a
person in the
United States
, unless an exemption from such registration requirements is available.
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 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:
please contact: Tom MacNeill, President and CEO, 1 (306) 653-2692;
Dean Nawata, Vice President, Business Development, 1 (604) 561-2821, [email protected]
CO: Omineca Mining and Metals Ltd
CNW 23:21e 31-MAR-22