Opawica Explorations Inc.
TSX : OPW

Opawica Explorations Inc.

August 20, 2009 19:36 ET

Opawica Explorations Closes $150,000 Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 20, 2009) - Opawica Explorations Inc. ("Opawica" / the "Company") (TSX:OPW) is pleased to announce that it has received $150,000 from the placement of 2,500,000 units (the "Units") at a price of $0.06 per Unit, each Unit consisting of one flow-through common share and one half of a share purchase warrant, with each whole warrant entitling the holder to acquire a common share of the Company at a price of $0.10 per share for a term of one year.

The Company anticipates closing on up to a further 1,500,000 Units by the end of the month.

Proceeds from this placement will be applied to the exploration and development of the Company's mineral properties.

Forward Looking Statements:

Some of the statements contained herein may be forward-looking statements which involve known and unknown risks and uncertainties. Without limitation, statements regarding potential mineralization, resources and expansion of resources, recoveries, exploration results, and future plans and objectives of the Company are forward looking statements that involve various degrees of risk. The following are important factors that could cause the Company's actual results to differ materially from those expressed or implied by such forward looking statements: changes in the world price of mineral commodities, general market conditions, risks inherent in mineral exploration, risks associated with mine permitting, metallurgy, development, construction and mining operations, the uncertainty of the determination of mineable ounces of gold and copper in pounds or other minerals in pounds, or the future profitability of the Company's projects. We seek safe harbour.



Warrants: 9,481,000 @ $0.16 wt. avg.
Shares Issued: 43,051,868
Stock Options: 320,000 @ $0.07 wt. avg.
Restricted Shares: 8,625,000


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