Opawica closes private placement and announces listing on the TSX.Vadmin
Opawica Explorations Inc. announces that the Company has closed a private placement consisting of 7,860,000 units at $0.05 per unit for proceeds of $393,000. Each unit consists of one share with a half warrant attached to each share. One whole warrant entitles the holder to acquire one further share of the Company at $0.05 per share for a one year term. Insiders subscribed for 1,875,000 units of the private placement. The expiry date of the hold period for the above 7,860,000 units is January 26th, 2010.
In addition, Opawica announces that effective at the opening of trading on Monday October 5, 2009, the Company’s shares will commence trading on the TSX Venture Exchange under the trading symbol of OPW. As at the close of trading on Friday October 2, 2009 Opawica will delist from the TSX.