/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED
STATES./
SASKATOON, April 11, 2019 /CNW/ - Omineca Mining and Metals
Ltd. (TSXV: OMM) ("Omineca" or the "Company") announces that it is
expanding the size of its non-brokered private placement announced
on March 14, 2019 from the original
maximum of 10,000,000 units of the Company at $0.05 per unit, to 11,000,000 units for gross
proceeds of up to $550,000.
Each unit consists of one (1) common share and one (1) common
share purchase warrant. Each warrant entitles the holder to acquire
one (1) common share at $0.10 for 24
months following closing of the offering. Proceeds will be
used to finance transaction costs related to the bulk sampling
program announced on March 1, 2019,
along with planning the 2019 hard rock exploration program, and for
general working capital.
About Omineca Mining and Metals Ltd.
Omineca Mining and Metals Ltd.'s primary property is the 2700 ha
Wingdam Project is located 45 km east of Quesnel B.C. on the Barkerville highway.
The property overlies both placer and hard-rock tenures along the
Lightning Creek valley, where topographic conditions have created a
deep overburden accumulation which effectively resulted in a large
portion of the channel being excluded from conventional surface
placer mining activity. Further information can be found at
www.ominecaminingandmetals.com
This news release does not constitute an offer to sell, or
the solicitation of an offer to buy securities in any jurisdiction
in which such offer or solicitation would be unlawful prior to
registration or qualification under the securities laws of such
jurisdiction.
The securities offered under the offering have not been and
will not be registered under the United States Securities
Act of 1933, as amended (the "Securities Act"), or the
securities laws of any state of the United States, and may not be offered or sold
in the United States or to, or for the account or benefit
of, any U.S. Person (as defined in Regulation S of the Securities
Act) or a person in the United
States, unless an exemption from such registration
requirements is available.
Forward Looking Statements
This release includes forward-looking statements regarding
Omineca and its business. Such statements are based on the
current expectations and views of future events of Omineca's
management. In some cases, the forward-looking statements can
be identified by words or phrases such as "may", "will", "expect",
"plan", "anticipate", "intend", "potential", "estimate", "believe"
or the negative of these terms, or other similar expressions
intended to identify forward-looking statements. The
forward-looking events and circumstances discussed in this release
may not occur and could differ materially as a result of the
failure to consummate the project financing, the economic
feasibility of the Wingdam Project, known and unknown risk factors
and uncertainties affecting Omineca, including risks regarding the
resource industry, economic factors and the equity markets
generally and many other factors beyond the control of
Omineca. No forward-looking statement can be
guaranteed. Forward-looking statements and information by
their nature are based on assumptions and involve known and unknown
risks, uncertainties and other factors which may cause our actual
results, performance or achievements, or industry results, to be
materially different from any future results, performance or
achievements expressed or implied by such forward-looking statement
or information. Accordingly, readers should not place undue
reliance on any forward-looking statements or information.
Forward-looking statements speak only as of the date on which they
are made and Omineca undertakes no obligation to publicly update or
revise any forward-looking statement, whether as a result of new
information, future events, or otherwise, except as required by
applicable securities laws.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
SOURCE Omineca Mining and Metals Ltd