Omineca Raises $1.5 Million with Closing of Rights Offering

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SASKATOON, SK, Nov. 27, 2024 /CNW/ - Omineca Mining and Metals Ltd. ("Omineca" or the "Company") (TSXV:OMM.VN) (OTC-BB:OMMSF) is pleased to announce the closing of its previously announced rights offering. The Company received 17,402,933 subscriptions for units pursuant to the basic subscription privilege and an additional 20,680,447 subscriptions pursuant to the additional subscription privilege.  As such, a total of 38,083,380 units were purchased for gross proceeds of $1,523,335. The net proceeds of the offering will be used for the lode gold exploration and drilling program currently underway at the Wingdam project located in the Cariboo Mining District of south central British Columbia and for general corporate purposes.