Omega Pacific Resources Inc. Completes Private Placement

Omega Pacific Resources Inc. (CSE:OMGA), also known as Omega, has officially completed its non-brokered private placement, initially announced on March 27, 2024. This financial move involved issuing 6,184,000 common shares at a price of $0.50 each, resulting in gross proceeds of $3,092,000. The private placement was closed on April 8, 2024.

The net proceeds from this private placement are earmarked for the exploration of Omega's Lekcin and Williams properties, funding commitments under the Williams Property option agreement, and for general working capital needs. The securities issued are subject to a statutory hold period, expiring on August 9, 2024, under Canadian securities laws.

Financial advisory services for this private placement were provided by Canaccord Genuity Corp. and 3L Capital Inc. Additionally, finder's fees were paid to several firms, including Haywood Securities Inc. and Echelon Wealth Partners Inc., consisting of $83,960 in cash and 167,720 common share purchase warrants. Each warrant allows a purchase of one common share at $0.50 for the next 12 months.