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Gold/Mining/Energy : OPW - Opawica Explorations Inc. -- Ignore unavailable to you. Want to Upgrade?

To: Condor who wrote (62)	8/18/1999 11:57:00 AM
From: Condor	Read Replies (1) \| Respond to of 72

Opawica Explorations arranges private placement Opawica Explorations Inc OPW Shares issued 11,023,933 Aug 17 close $1.25 Wed 18 Aug 99 News Release Mr. Dan Clark reports The company proposes to offer by way of private placement a minimum of 250,000 and a maximum of 600,000 flow-through special warrants at a price of $1.25 each, subject to receipt of applicable regulatory approvals. Each flow-through special warrant will be convertible into one flow-through common share and one-half of one purchase warrant for no further consideration. Each whole purchase warrant will entitle the holder to purchase one flow-through common share of the company at any time until Aug. 31, 2000, at $1.50 per share. Commissions of up to 10 per cent may be paid on subscriptions obtained by registered dealers. The company plans to use the proceeds from this offering primarily to continue the exploration of its Chance properties in Kidd township, Ont., as outlined in Stockwatch Aug. 13, 1999, and on other eligible Canadian exploration properties. Furthermore, at its sole discretion, the company may file a prospectus with applicable regulatory authorities to qualify the distribution of the securities issuable upon conversions of the flow-through special warrants. It is expected that the private placement will be closed on or about Aug. 31, 1999. (c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com