/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED
STATES./
SASKATOON, SK, March 31,
2022 /CNW/ - Omineca Mining and Metals Ltd.
(TSXV: OMM) ("Omineca" or the "Company") announces
that it is making an application to the TSX Venture Exchange (the
"Exchange") to amend the expiry date of its share purchase
warrants originally issued on April 27,
2020 and May 21, 2020 (the
"Warrants"). The Warrants that are the subject of the
amendment application were originally set to expire after 24 months
of the date of issue. The application is to amend the expiry date
to a date that is 36 months after the date of issuance,
such that, if approved the Exchange, the Warrants set to expire
April 27, 2022 will instead expire
April 27, 2023 and the Warrants set to expires May 21, 2022 will instead expire May 21,
2023. For further information on the original issuance of
the Warrants, please see the Company's press releases dated
April 28, 2020 and May 21, 2020.
Completion of the proposed amendment to the terms of the
Warrants is subject to the final approval of the Exchange.
About Omineca Mining and Metals
Ltd.
Omineca Mining and Metals Ltd.'s flagship Wingdam gold
exploration and placer recovery project is located along the
Barkerville Highway 45 km east of the town of Quesnel. The Wingdam Property includes mineral
tenures totaling over 50,000 hectares (500 square kms) and in
excess of 15 linear kilometers of placer claims, both encompassing
the Lightning Creek valley where topographic conditions created
thick layers of overburden, which preserved a large portion of a
buried paleochannel containing placer gold-bearing gravels. Omineca
also has a diamond drill program currently underway exploring for
the potential multiple hard rock sources of the placer gold at
Wingdam.
This news release does not constitute an offer to sell, or
the solicitation of an offer to buy securities in any jurisdiction
in which such offer or solicitation would be unlawful prior to
registration or qualification under the securities laws of such
jurisdiction.
The securities described herein have not been, and will not
be, registered under the United States Securities Act of
1933, as amended (the "Securities Act"), or the securities
laws of any state of the United
States, and may not be offered or sold in the United
States or to, or for the account or benefit of, any U.S.
Person (as defined in Regulation S of the Securities Act) or a
person in the United States,
unless an exemption from such registration requirements is
available.
Forward Looking
Statements
This release includes forward-looking statements regarding
Omineca and its business. Such statements are based on the
current expectations and views of future events of Omineca's
management. In some cases the forward-looking statements can
be identified by words or phrases such as "may", "will", "expect",
"plan", "anticipate", "intend", "potential", "estimate", "believe"
or the negative of these terms, or other similar expressions
intended to identify forward-looking statements. The
forward-looking events and circumstances discussed in this release
may not occur and could differ materially as a result of the
failure to complete the amendment of the Warrants, known and
unknown risk factors and uncertainties affecting Omineca, including
risks regarding the resource industry, economic factors and the
equity markets generally and many other factors beyond the control
of Omineca. No forward-looking statement can be
guaranteed. Forward-looking statements and information by
their nature are based on assumptions and involve known and unknown
risks, uncertainties and other factors which may cause our actual
results, performance or achievements, or industry results, to be
materially different from any future results, performance or
achievements expressed or implied by such forward-looking statement
or information. Accordingly, readers should not place undue
reliance on any forward-looking statements or information.
Forward-looking statements speak only as of the date on which they
are made and Omineca undertakes no obligation to publicly update or
revise any forward-looking statement, whether as a result of new
information, future events, or otherwise, except as required by
applicable securities laws.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
SOURCE Omineca Mining and Metals Ltd