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Opawica Explorations Inc V.OPW

Alternate Symbol(s):  OPWEF | OSOL

Metals & Mining Gold
Opawica Explorations Inc. is a Canada-based junior exploration company. The Company has a portfolio of precious and base metal properties within the Rouyn-Noranda region of the Abitibi gold belt in Quebec. It owns a 100% interest in the Arrowhead, Bazooka East and McWatters claims located in northern Quebec, Canada. The Arrowhead property and Bazooka East property are subject to a 2% net smelter return (NSR) royalty. The nearest mine to Arrowhead Property is the Mouska mine located eight kilometers to the east. The Bazooka property is a 100% owned 1200 hectares (ha) land package. The McWatters property is subject to a 1% NSR royalty. The Company owns a 100% interest in 24 mineral claims located in Beauchastel Township, Quebec, collectively the Bazooka West property.


TSXV:OPW - Post by User

Opawica Explorations Inc
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Comment by imerc23on Sep 07, 2012 12:38pm
173 Views
Post# 20332936

RE: RE: RE: Opw may see .10 plus very soon!

RE: RE: RE: Opw may see .10 plus very soon!

TedOwens wrote: "It is highly unlikely that shares from the San Gold sale will be distribued to existing shareholders." 

Thanks for your thoughts, Ted.  I took a look myself at OPW's handling of the UCC shares which it received from its sale of its Dingman project to Upper Canada Gold in 2010.  I see that OPW did not then distribute any UCC shares to OPW's shareholders, and indeed, it has been gradually liquidating those UCC shares to cover operating expenses.  So, as you say, it seems unlikely that they will distribute the SGR shares to OPW's shareholders.  It would be a nice surprise, though, if they decided to do that.

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