Source: Omai Gold Mines Corp.
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  • Omai Gold Mines Corp. (OMG) has completed a non-brokered private placement for gross proceeds of $4,882,566
  • The company issued 44,386,972 units at a price of $0.11 per unit
  • Omai Gold Mines paid cash finders fees of $173,644.02 and issued 1,578,581 finder’s warrants
  • The net proceeds will be used to fund exploration on the company’s Omai gold project in Guyana and for general working capital purposes
  • The offering constituted a related party transaction as certain insiders of Omai Gold Mines subscribed to the private placement
  • Omai Gold Mines Corp. (OMG) is unchanged trading at $0.11 per share as of 1:25 p.m. EST

Omai Gold Mines (OMG) has completed its previously announced non-brokered private placement for gross proceeds of $4,882,566.

The company issued 44,386,972 units at a price of $0.11 per unit.

Each unit consists of one common share and one-half of a common share purchase warrant.

Each warrant entitles the holder to acquire one common share at an exercise price of $0.20 per share for two years.

Omai Gold Mines paid cash finders fees of $173,644.02 and issued 1,578,581 finder’s warrants.

Each of which entitles the holder to purchase one common share also at a price of $0.11 for two years.

The net proceeds will be used to fund exploration on the company’s Omai gold project in Guyana and for general working capital purposes.

Omai Gold Mines Corp. (OMG) is unchanged trading at $0.11 per share as of 1:25 p.m. EST.

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