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OMINECA MINING AND METALS LTD. APPLIES FOR WARRANT AMENDMENT

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OMINECA MINING AND METALS LTD. APPLIES FOR WARRANT AMENDMENT

 

 

 

 

Omineca Mining and Metals Ltd. (TSX-V: OMM) (TSXV: OMM.RT) (OTCBB: OMMSF) announces that it has made application to the TSX Venture Exchange to extend the expiry date of an aggregate 9,374,999 outstanding common share purchase warrants due to expire November 16, 2024.

 

The Warrants were issued in connection with a private placement transaction that closed on November 16, 2022, and are currently exercisable at $0.12 per common share.

 

Under the proposed amendment to the Warrants, the Company proposes to extend the expiry date for a further 12-month period to November 16, 2025, with all other terms of the Warrants remaining the same.  The proposed amendment is subject to approval by the Exchange.

 

About Omineca Mining and Metals Ltd.

 

Omineca Mining and Metals Ltd.’s flagship Wingdam gold exploration and placer recovery projects are located along the Barkerville Highway 45 km east of the City of Quesnel. The Wingdam Property includes mineral tenures totaling over 61,392 hectares (613 square kms) and in excess of 15 linear kilometers of placer claims, both encompassing the Lightning Creek valley where topographic conditions created thick layers of overburden, which preserved a large portion of a buried paleochannel containing placer gold-bearing gravels. Omineca also has an exploration and diamond drill program currently underway exploring for the potential multiple hard rock sources of the placer gold at Wingdam.

 

Posted October 16, 2024

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