en.Wedoany.com Reported - Opawica Explorations Inc. has announced a debt settlement agreement with an independent consultant, clearing a total of $23,340 in outstanding debt by issuing common shares.

Under the settlement agreement, the company will issue a total of 186,720 common shares at a deemed price of $0.125 per share. This debt settlement is subject to approval by the TSX Venture Exchange, and all related issued shares will be subject to a four-month-and-one-day hold period in accordance with applicable securities laws. The company's board believes this move helps preserve cash to support daily operations.

Opawica Explorations Inc. is a Canadian junior exploration company with a portfolio of precious and base metal assets in the Rouyn-Noranda region of the Abitibi Gold Belt in Quebec. The company's management has hands-on experience in discovering and developing exploration projects and is currently focused on developing assets through cost-effective exploration practices, acquiring additional exploration projects, and increasing shareholder value through joint ventures with industry leaders or project sales.

For more information, contact the company's President and CEO, Blake Morgan, at 236-878-4938.

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