Omega Pacific Targets $3M in Private Placement

Omega Pacific Resources, Inc. (TSE:OMGA) has released an update.

Omega Pacific Resources Inc. has declared a non-brokered private placement aiming to raise up to $3 million through the sale of 6 million shares at $0.50 each. The funds are earmarked for exploration activities on two of their properties and for general corporate expenses, with the placement expected to close by April 2, 2024. Participation from company insiders is noted, with appropriate exemptions from certain securities regulations.

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