Institutional investors in Australia, Europe to provide stronger base
By Susanna Moon
Chicago, Oct. 21 - Olympus Pacific Minerals Inc. said it completed a A$16.65 million private placement of common stock.
The company sold 37 million shares A$0.45 each.
The subscription agreements were completed on Oct. 8, and the final settlement funds were received Thursday.
Proceeds will be used for general working capital.
The lead manager is Patersons Securities Ltd.
Olympus previously said it would sell the shares to institutional investors in Australia and Europe, which will provide a strengthened shareholder base supportive of the company's growth and development.
Toronto-based Olympus Pacific is a gold exploration company focused on properties in Vietnam and Southeast Asia.
| Issuer: | Olympus Pacific Minerals Inc.
|
| Issue: | Shares
|
| Amount: | A$16.65 million
|
| Lead manager: | Patersons Securities Ltd.
|
| Shares: | 37 million
|
| Price: | A$0.45
|
| Warrants: | No
|
| Pricing date: | Sept. 30
|
| Settlement date: | Oct. 21
|
| Stock symbol: | Toronto: OYM
|
| Stock price: | C$0.54 at close Sept. 29
|
| Market capitalization: | C$174.83 million
|
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