Omineca Mining and Metals Ltd. announced a non-brokered private placement of 9,374,999 units at a price of CAD 0.08 per unit for gross proceeds of CAD 750,000 on November 16, 2022. The transaction included participation from insiders of the company. Each unit consists of one common share and one share purchase warrant.

Each warrant is exercisable to purchase one common shares at a price of CAD 0.12 until November 16, 2024. The units, and the underlying securities comprising the units issued under the transaction are subject to a statutory hold period expiring March 17, 2023. The company has paid certain finders a cash finder fee of 7% of applicable subscription price.

The transaction included participation from 21 placees including 3 insiders for 1,582,628 units and 4 professional groups for 900,000 units. The company paid CAD 22,582 as finders fees in the transaction. The company has received acceptance of TSX Venture Exchange for filing documentation with respect to the transaction.

The company has received $24,042 (CAD 32,000) pursuant to exemption provided under Regulation D from one investor.