04:59 PM EDT, 10/03/2024 (MT Newswires) -- Omineca Mining and Metals ( OMMSF ) after trade Thursday said it plans an offering of rights to shareholders to raise up to $2.4 million.

The company said it will offer shareholders of record on Oct.15 one right for each share held. Three rights can be used can be used to buy an Omineca share unit for $0.04 made up of a share and a three-year warrant to buy a share for $0.07.

The company's shares will trade on an ex-rights basis on Oct.15. The rights will be transferable and trade under the OMM-RT symbol.

Omineca said it will issue up to 60.03-million rights in the offering, raising C$2.4 million if they are fully exercised. Proceeds will be used to complete exploration programs on the Wingdam project in British Columbia and for general corporate purposes.

The company's shares closed unchanged at $0.065 on the TSX Venture Exchange.