News
ONA EXPLORATION ARRANGES $6,000,000 NON-BROKERED PRIVATE PLACEMENT
Vancouver, British Columbia 27 September 2006, 02:50pm PST
Ona Exploration Inc. ("ONA" or the "Company") (CNQ – OEIX and FRANKFURT – O3X) is pleased to report that subject to regulatory approval, a non-brokered Private Placement for up to 4,000,000 Units at $1.50 per Unit has been arranged. Each Unit will consist of one common share and one common share purchase warrant. Each whole common share purchase warrant will entitle the holder to purchase, for a period of six (6) months, one additional ONA common share for $1.75. ONA may pay a finder’s fee pursuant to the policies of the CNQ Exchange. The proceeds from the Private Placement will be used for funding of existing projects located in Sumatra, Indonesia and for general working capital purposes.
ON BEHALF OF THE BOARD OF DIRECTORS,
"Thomas R. Tough"
Thomas R. Tough, P.Eng.
Director
For information on the Company please contact:
John F. Wong, P. Eng., President
Tel.: (604) 685-2542
Email: info@onaexploration.com
Or visit our website at www.onaexploration.com