By Sheri Kasprzak
New York, May 19 - Olympia Resources Ltd. has concluded a A$3,134,000 private placement.
The company sold 15.67 million shares at A$0.20 each to institutional and sophisticated investors.
BurnVoir Corporate Finance was the placement agent.
The proceeds will be used for development at the Keysbrook mineral sands and Harts Range Garnet projects, as well as for drilling, exploration and working capital.
Based in Perth, Western Australia, Olympia is a mineral exploration company.
| Issuer: | Olympia Resources Ltd.
|
| Issue: | Stock
|
| Amount: | A$3,134,000
|
| Shares: | 15.67 million
|
| Price: | A$0.20
|
| Warrants: | No
|
| Placement agent: | BurnVoir Corporate Finance
|
| Settlement date: | May 19
|
| Stock symbol: | Australia: OLY
|
| Stock price: | A$0.205 at close May 19
|
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