Omega Pacific Resources Ltd. (CSE: OMGA), based in Vancouver, British Columbia, has completed the closing of its second and final tranche of a non-brokered private placement. The offering included the sale of 1,080,000 flow-through units, which were sold at a price of $0.21 per unit, yielding gross proceeds of $226,800. Furthermore, the company issued an additional 1,500,000 non-flow-through units as part of this offering. Private placements are typically used by companies to raise capital from investors without the need to go through the traditional underwriting process. Omega Pacific has indicated that the funds raised from this placement will be allocated to furthering its business initiatives and advancing its operational objectives.
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