VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 1, 2011) - Opawica Explorations Inc. (TSX VENTURE:OPW) ("Opawica" or the "Company"). Further to its news releases of November 7, 2011 and November 23, 2011, the Company is pleased to announce that it has received $190,000 from the placement of 3,800,000 units (the "Units") at a price of $0.05 per Unit, each Unit consisting of one flow-through common share and one 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 two years.
All securities issued in connection with the placement are subject to a hold period expiring March 31, 2012.
Proceeds from this placement will be used for general working capital.
Neither the 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.
Contact Information:
Donald (Dan) M. Clark
President
604-681-3170
604-681-3552 (FAX)
info@opawica.com
www.opawica.com