Opawica Explorations Inc. Suspends Private Placement
11 00 – 595 Howe Street, Vancouver, BC Canada V6 C 2T5
T (604) 681 -317 0, F (604) 681 -3552, i nfo@opaw ica.com
www.opawica .com
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DISSEMINATION IN THE UNITED STATES
OPAWICA EXPLORATIONS INC. SUSPENDS PRIVATE PLACEMENT
Vancouver, B.C. – March 13, 20 20 – Opawica Explorations Inc. (the “Company”) (TSX.V: OPW)
announces that, due to financial market volatility associated with the outbreak and spread of a novel
coronavirus (Covid-19), it is suspending the Company’s non -brokered private placement (the “Offering”)
announced on January 30, 2020 for 30 days, during which time the Company will reassess market
conditions to determine whether the Offering will continue. Management is hopeful that market
conditions will stabilize over the coming weeks so that it can complete the Offering. However,
Management can provide no assurance it can complete the Offering within the next 30 days given that the
market downturn and events which may have caused it are beyond the Company’s control.
FOR FURTHER INFORMATION CONTACT:
Owen King
Interim President and Chief Executive Officer
Opawica Explorations Inc.
Telephone: 604-681-3170
Fax: 604-681-3552
Disclaimer for Forward-Looking Information
This news release includes certain “forward -looking statements” under applicable Canadian securities legislation that are not
historical facts. Forward -looking statements inv olve ris ks, uncertainties, and other factors that could cause actual results,
performance, prospects, and opportunities to differ materially from those expressed or implied by such forward -looking
statements. Forward -looking statements in this news release include, but are not limited to, statements with respect to the
expectations of management regarding the proposed Offering, the expectations of management regarding the us e of proceeds of
the Offering, closing conditions for the Offer ing, and Exchange app roval of the proposed Offering. Although the Company
believes that the expectations reflected in the forward -looking information are reasonable, there can be no assurance t hat such
expectations will prove to be correct. Such forward-looking statements are subject to risks and uncertainties that may cause actual
results, performance or developments to differ materially from those contained in the statements including that: th e Company
may not complete the Offering on terms favorable to t he Company or at all; the Exchange may not approve the Offering; the
proceeds of the Offering may not be used as stated in this news release; the Company may be unable to satisfy all of the
conditions to the Closing; and those additional risks set out in t he Company’s public d ocuments filed on SEDAR at
www.sedar.com. Although the Company believes that the assumptions and factors used in preparing the forward -looking
statements are reasonable, un due reliance should not be placed on these statements, which on ly apply as of the da te of this news
release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Except where required by
law, the Company disclaims any intention or obligation to update or revise any forward -looking statement, whether as a result of
new information, future events, or otherwise.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the po licies of the TSX
Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.