By Sheri Kasprzak
New York, Aug. 19 - Olympus Pacific Minerals Inc. said it plans to raise up to C$6.3 million in a private placement.
The company plans to sell up to 21 million shares at C$0.30 each on a non-brokered basis.
Proceeds from the offering will be used for exploration activities in Vietnam and for general corporate purposes.
In other news, Olympus Pacific said it has granted stock options to its directors for up to 6.23 million shares, exercisable at C$0.32 each.
Based in Toronto, Olympus Pacific is a mineral exploration and development company.
| Issuer: | Olympus Pacific Minerals Inc.
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| Issue: | Stock
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| Amount: | C$6.3 million (maximum)
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| Shares: | 21 million (maximum)
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| Price: | C$0.30
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| Warrants: | No
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| Pricing date: | Aug. 19
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| Stock price: | C$0.30 at close Aug. 19
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