Tuesday, 02 January 2024 12:17 GMT

Omega Pacific Closes Non-Brokered Private Placement


(MENAFN- Newsfile Corp) Vancouver, British Columbia--(Newsfile Corp. - October 15, 2025) - Omega Pacific Resources Ltd. (CSE: OMGA) ("Omega Pacific" or the "Company") announces the Company has closed a final tranche (the "Final Tranche") of its non-brokered private placement (the "Offering") previously announced on June 17, 2025. The Final Tranche has resulted in the sale of 1,600,000 flow-through units (the "FT Units") for gross proceeds of $200,000 at an amended price of $0.125 per FT unit. The proceeds will be used for a planned exploration program on the Williams Property, located on the Williams Property in BC's Toodoggone District.

Each FT Unit consists of one flow-through common share (a "FT Share") and one share purchase warrant (a "FT Unit Warrant") exercisable into one additional non flow-through common share at a price of $0.15 per share for a 2-year period.

In connection with the sale of the Units and FT Units, the Company paid a total of $16,000 in cash and issued 128,000 finder's warrants (the "Finder's Warrants") to eligible finders for certain of the Units and/or FT Units sold. The Finder's Warrants are exercisable at a price of $0.125 per share for up to 2 years from the date of issuance.

All securities issued are subject to a hold period of four months and one day from the date of issuance.

The flow-through shares will qualify as "flow-through shares" for the purposes of the Income Tax Act (Canada) (the "Act"). The proceeds of the flow-through private placement will be used to incur "Canadian exploration expense" (within the meaning of the Act). The Company will renounce these expenses to the purchasers with an effective date of no later than December 31, 2025, and as required under the Act.

This press release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States or any jurisdiction in which such offer, solicitation or sale would be unlawful prior to qualification or registration under the securities laws of such jurisdiction. The securities being offered have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

Williams Exploration Strategy

The GIC Prospect at the Williams Property hosts a robust, bulk tonnage epithermal gold system. All four 2024 drill holes intersected bulk tonnage and localized high grade gold mineralization in multiple zones. WM24-01 intersected 1.69 g/t Au over 104 m and WM22-02ext. returned 2.16 g/t Au over 96.92 m. Mineralization is open in all directions and GIC represents a prospective target distancing over 12 km. The Company's 2025 exploration program will focus on a 1,400 x 400 m zone, seeking to extend mineralization from 2024 drill locations. More information is highlighted in the Company's press release dated June 4, 2025 and will be further detailed as programs commence.

About Omega Pacific Resources

Omega Pacific Resources Ltd. is a Canadian mineral exploration company focused on the discovery and development of precious metal projects in British Columbia. The Company also continues to evaluate prospective assets domestically and internationally. With a talented technical team, Omega Pacific is commitment to responsible exploration with judicious use of capital.

MENAFN15102025004218003983ID1110200843



Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.