Omai Gold Mines Corp. announced a private placement of 43,000,000 units at a price of CAD 0.07 per unit for the gross proceeds of CAD 3,010,000 on January 10, 2024. Each unit will consist of one common share of the company and one-half of a common share purchase warrant.

Two such half warrants shall constitute a full warrant. Each warrant entitles the holder to acquire one common share at an exercise price of CAD 0.11 for a period of 18 months from the date of issuance. The offering may be closed in one or more tranches as subscriptions are received.

The offering is expected to close on or around January 24, 2024. Completion of the offering remains subject to the receipt of all necessary regulatory approvals, including approval of the Exchange.