Opawica Announces Increase to Private Placement
November 23 2011 - 6:53PM
Marketwired Canada
Opawica Explorations Inc. (TSX VENTURE:OPW) ("Opawica" or the "Company") -
Further to its news release of November 7, 2011, the Company announces that its
proposed financing has increased by 1,400,000 units and now consists of up to
4,400,000 units at $0.05 per unit for total proceeds of up to $220,000.
All other terms of the financing as detailed in the November 7, 2011 news
release remain the same.
OPAWICA EXPLORATIONS INC.
Opawica is a Canadian mineral exploration company that has been operating as
such for over 30 years. The Company owns 100% of the Atikwa Lake project near
Kenora, Ontario, and may acquire up to 100% of the Cascallen-Whitesides property
in the West Timmins gold district, Ontario (subject to closing conditions, see
March 25, 2011 Opawica press release) and owns 100% of the Bro Property which is
a precious and base metal prospect located in Yukon, Canada.
In addition, Opawica owns 6,914,852 shares (19.2%) of Upper Canada Gold
Corporation (TSX VENTURE:UCC).
CAUTION REGARDING FORWARD-LOOKING INFORMATION
This news release of Opawica contains statements that constitute
"forward-looking statements." Such forward-looking statements involve known and
unknown risks, uncertainties and other factors that may cause Opawica's actual
results, performance or achievements, or developments in the industry to differ
materially from the anticipated results, performance or achievements expressed
or implied by such forward-looking statements. Forward looking statements are
statements that are not historical facts and are generally, but not always,
identified by the words "expects", "plans", "anticipates", "believes",
"intends", "estimates", "projects", "potential" and similar expressions, or that
events or conditions "will", "would", "may", "could" or "should" occur.
Forward-looking statements in this document include statements regarding
Opawica's expectations regarding ownership, entitlements, drilling and
exploration activities on properties in which Opawica has, or believes it has an
interest. There can be no assurance that such statements will prove to be
accurate. Actual results and future events could differ materially from those
anticipated in such statements, and readers are cautioned not to place undue
reliance on these forward-looking statements. Any factor could cause actual
results to differ materially from Opawica's expectations. Opawica undertakes no
obligation to update these forward-looking statements in the event that
management's beliefs, estimates or opinions, or other factors, should change,
unless otherwise required by law.
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