09:11 AM EST, 12/06/2024 (MT Newswires) -- Omineca Mining and Metals ( OMMSF ) said Friday that it is raising $2.4 million in a private placement of flow-through units.

The company will use the proceeds the ongoing drilling and exploration program at the Wingdam project in British Columbia.

The offering is priced at $0.055 per flow-through unit. Each unit comprises of one share and one warrant exercisable at $0.10 per share for 36 months.

Closing is expected Dec. 20.

Omineca's share price jumped 11.1% yesterday to $0.05 on the TSXV.