03:15:24 EDT Tue 27 Oct 2026
Enter Symbol
or Name
USA
CA



Opawica Explorations Inc (7)
Symbol OPW
Shares Issued 56,773,097
Close 2026-10-26 C$ 0.14
Market Cap C$ 7,948,234
Recent Sedar+ Documents

Opawica Explorations arranges $2.95-million financing

2026-10-26 20:02 ET - News Release

Mr. Blake Morgan reports

OPAWICA EXPLORATIONS ANNOUNCES NON-BROKERED PRIVATE PLACEMENT WITH $1,050,000 LEAD ORDER FROM STRATEGIC INVESTORS

Opawica Explorations Inc. has arranged a non-brokered private placement of up to $2.95-million through the issuance of a combination of flow-through (FT) common shares at a price of 17 cents per FT share and non-flow-through (NFT) units at a price of 15 cents per NFT unit.

Each NFT unit will comprise one common share and one-half of one common share purchase warrant. Each whole NFT warrant is exercisable to purchase one common share at a price of 30 cents per share for a period of two years from the date of the close of the offering.

If, at any time after four months and one day following the closing date of the offering, the closing price of the company's common shares on the TSX Venture Exchange is equal to or greater than 40 cents per share for 10 consecutive trading days, the company may, by notice to the holders of the NFT warrants (which notice may be given by way of a general news release), accelerate the expiry date of the NFT warrants to a date that is not less than 30 days following the date of such notice.

The company intends to pay finders' fees in accordance with the policies of the TSX-V. The offering is subject to approval by the TSX-V and all securities are subject to a statutory hold period of four months and one day from the date of issuance in accordance with applicable Canadian securities laws.

Proceeds raised from the issuance of the FT units will be used by Opawica to incur Canadian exploration expenses on its Canadian gold and critical mineral properties, and will be used as deemed appropriate for qualifying expenses for the critical mineral tax credit (CMETC). Proceeds raised from the issuance of the NFT units will be used for general working capital.

Investor awareness agreement

Opawica announces that the company has entered into an investor awareness agreement with Market Equities Ltd. (MEL), dated Oct. 26, 2026, whereby the services to be provided by MEL will include branding services, communications, advisory and general consulting services.

The consulting services to be provided by MEL shall include, but are not limited to, SEO (search engine optimization), digital media campaigns for branding, media consulting, general business development, multimedia services and project management. MEL will also write and distribute weekly ticker tag articles highlighting the company in sector based analysis, as well as news-based tags when the company has a new event as outlined in the agreement for a fee of $50,000 (U.S.) for a term of two months upon acceptance by the TSX-V. The agreement may be renewed by the company and MEL at the end of the initial term.

MEL and the company are not related parties and operate at arm's length. Neither MEL nor its principals have any interest in the company's securities, directly or indirectly, or any right or intent to acquire such an interest.

About Opawica Explorations Inc.

Opawica Explorations is a junior Canadian exploration company with a strong portfolio of precious and base metal properties within the Rouyn-Noranda region of the Abitibi gold belt in Quebec. The company's management has a great record in discovering and developing successful exploration projects. The company's objective is to increase shareholder value through the development of exploration properties using cost-effective exploration practices, acquiring further exploration properties, and seeking partnerships by either joint venture or sale with industry leaders.

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