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.)
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May 12, 2026 · 17:41