Omega Pacific Clarifies Size of Previously Announced Private Placement

Core Viewpoint - Omega Pacific Resources Ltd. has clarified that the gross proceeds from its non-brokered private placement financing will be up to $3,700,000, an increase from the previously disclosed $3,000,000, with all other terms remaining unchanged [1]. Offering Terms - The Offering will consist of 10,000,000 flow-through units (FT Units) priced at $0.22 each, and 7,500,000 non flow-through units (Units) priced at $0.20 each [12]. - Each FT Unit includes one flow-through common share and one-half of a share purchase warrant, while each Unit consists of one non flow-through common share and one-half of a share purchase warrant [12]. - FT Unit Warrants allow the purchase of one additional non flow-through common share at $0.33 for 18 months, and Unit Warrants allow the purchase at $0.30 for two years [12]. - The FT Unit Warrant and Unit Warrant will expire early if the closing price of common shares exceeds $0.50 for 15 consecutive trading days [2]. Use of Proceeds - Gross proceeds from the issuance of FT Units will be used for eligible Canadian exploration expenses related to the Williams Property in British Columbia, which qualify as flow-through mining expenditures [3]. - Net proceeds from the sale of NFT Units will be allocated for exploration and development of the Williams Property and for general working capital [3]. Additional Information - The Company may pay finders' fees in accordance with Canadian Securities Exchange policies, and the Offering is subject to customary closing conditions and no objection from the Canadian Securities Exchange [4]. - All securities issued will be subject to a hold period of four months and one day in accordance with applicable securities laws [4]. - Omega Pacific Resources Ltd. is focused on the discovery and development of the Williams Property in British Columbia's Toodoggone District and is committed to responsible exploration [6].