By Sheri Kasprzak
New York, Feb. 26 - Olympus Pacific Minerals Inc. negotiated the terms of a C$12 million private placement.
The non-brokered deal includes up to 21,428,571 shares at C$0.56 each.
The deal is set to close March 19, and the proceeds will be used for exploration, feasibility studies and development on the company's mineral projects. The rest will be used for general corporate purposes.
Toronto-based Olympus Pacific is a gold exploration company focused on properties in Vietnam and Southeast Asia.
| Issuer: | Olympus Pacific Minerals Inc.
|
| Issue: | Stock
|
| Amount: | C$12 million
|
| Shares: | 21,428,571
|
| Price: | C$0.56
|
| Warrants: | No
|
| Placement agent: | Non-brokered
|
| Pricing date: | Feb. 26
|
| Settlement date: | March 19
|
| Stock symbol: | Toronto: OYM
|
| Stock price: | C$0.64 at close Feb. 26
|
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