Northwire Canada EditionWednesday, August 12, 2026
Northwire
GRC 0.075 +7.1% FNV 334.84 −0.2% ZNG 0.830 +0.0% ITR 3.61 −2.4% AVX 0.005 −nan% ETG 2.52 −2.3% PPP 1.36 +0.0% EFF 0.025 +0.0% NVX 0.540 +25.6% NG 10.68 +0.4% ELE 27.08 +1.9% EM 3.95 −1.2% SGML 16.51 +0.1% ADZ 0.100 +0.0% AFM 1.50 −9.6% OMI 0.275 −3.5% GRC 0.075 +7.1% FNV 334.84 −0.2% ZNG 0.830 +0.0% ITR 3.61 −2.4% AVX 0.005 −nan% ETG 2.52 −2.3% PPP 1.36 +0.0% EFF 0.025 +0.0% NVX 0.540 +25.6% NG 10.68 +0.4% ELE 27.08 +1.9% EM 3.95 −1.2% SGML 16.51 +0.1% ADZ 0.100 +0.0% AFM 1.50 −9.6% OMI 0.275 −3.5%
Drill Results

Omega Pacific Closes Non-Brokered Private Placement

OMGA · Price

Executive Summary

  • Omega Pacific Resources closed the final tranche of its non‑brokered private placement, selling 1.6 million flow‑through units for gross proceeds of $200,000 at $0.125 per unit.
  • Proceeds are earmarked for a planned exploration program on the Williams Property in BC’s Toodoggone District, building on 2024 drill results that intersected bulk‑tonnage gold mineralization.
  • The financing includes flow‑through shares and warrants; finder’s warrants were also issued, and all securities are subject to a four‑month + one‑day hold period.

Key Details

  • Units Sold: 1,600,000 flow‑through units (FT Units).
  • Pricing: $0.125 per FT Unit (amended price).
  • Gross Proceeds: $200,000.
  • Unit Composition: Each FT Unit = one flow‑through common share + one warrant to purchase an additional non‑flow‑through common share at $0.15 for a 2‑year period.
  • Finder’s Warrants: 128,000 warrants issued; exercise price $0.125 per share; exercisable up to 2 years from issuance; cash paid to the company = $16,000.
  • Hold Period: All securities subject to a hold period of four months and one day from issuance date.
  • Use of Proceeds: Funding a 2025 exploration program on the Williams Property (Toodoggone District), targeting a 1,400 × 400 m zone to extend mineralization identified in 2024 drilling.
  • Exploration Highlights (2024):
  • Hole WM24‑01 – 1.69 g/t Au over 104 m.
  • Hole WM22‑02ext – 2.16 g/t Au over 96.92 m.
  • Mineralization remains open in all directions; the GIC prospect spans >12 km.
  • Tax Treatment: Flow‑through shares qualify under the Canadian Income Tax Act; associated exploration expenses will be renounced to purchasers by ≤ 31 Dec 2025.

Notable Quotes

(No direct quotes were provided in the release.)

Read the original news release →

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