Update: Omineca Raising $2.4 Million to Fund Wingdam Drilling Program-March 2024-www.financetom.com

Update: Omineca Raising $2.4 Million to Fund Wingdam Drilling Program

News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities

Update: Omineca Raising $2.4 Million to Fund Wingdam Drilling Program

Dec 6, 2024 9:28 AM

12:02 PM EST, 12/06/2024 (MT Newswires) -- Omineca Mining and Metals ( OMMSF ) said Friday that it is raising $2.4 million in a best-efforts private placement of flow-through units.

The company said it is seeking to place an undisclosed number of units priced at $0.055 in the financing, with each made up of a tax-advantaged share and a three-year warrant to buy a common share for $0.10.

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

Omineca shares were last seen down $0.005 to $0.045 on the TSX Venture Exchange.

Price: 0.05, Change: -0.01, Percent Change: -10.00

Previous page： Analysis-China's record oil output reaches limits of what's possible Next page： Novartis to buy breast cancer drug candidate from Synnovation

Comments

Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.

Show More Comments

Related Articles >

Analysis-China's record oil output reaches limits of what's possible

Mar 19, 2026

By Chen Aizhu and Sam Li March 20 (Reuters) - China, the world's top oil importer, succeeded in a seven-year campaign to boost its own production, achieving a record high last year with aggressive drilling at ageing fields, an offshore boom and nascent shale oil output. But it is reaching what experts say is the limit of what it can...

Novartis to buy breast cancer drug candidate from Synnovation

Mar 19, 2026

FRANKFURT, March 20 (Reuters) - Novartis said on Friday it agreed to acquire breast cancer drug candidate SNV4818 from Synnovation Therapeutics for $2 billion upfront and up to $1 billion contingent on further development achievements. The experimental drug belongs to the class of selective PI3Kα inhibitors, a new approach for the treatment of a type of breast cancer known as...

BTS concert in South Korea to herald stream of live events, Netflix says

Mar 19, 2026

SEOUL, March 20 (Reuters) - U.S. streaming platform Netflix ( NFLX ) anticipates more opportunities for live events in South Korea, a company official said on Friday, as it prepares for its biggest livestream this year, a highly anticipated BTS comeback concert in Seoul. The one-hour event, to be streamed live to 190 countries in the company's first global broadcast...

Unilever in takeover talks with McCormick for food business

Mar 20, 2026

March 20 (Reuters) - Unilever ( UL ) said on Friday it was in talks with U.S.-based McCormick & Company ( MKC ) about selling its foods business, which includes brands such as Hellmann's mayonnaise and Knorr soups and seasonings. Unilever ( UL ) said it has received an inbound offer for the business. There can be no certainty that...