By Sheri Kasprzak
New York, March 17 - Olympus Pacific Minerals Inc. has priced its previously announced C$10 million private placement.
The deal includes 17,241,379 shares at C$0.58 apiece.
Paradigm Capital Inc., M Partners Inc. and CIBC World Markets Inc. are the placement agents for the deal and have a greenshoe for up to C$1 million.
The offering is expected to close March 31.
The proceeds from the offering will be used to rehabilitate the company's Bong Mieu underground project and to develop its Dak Sa underground project. The rest will be used for general corporate purposes.
Toronto-based Olympus is a gold exploration company.
Issuer: | Olympus Pacific Minerals Inc.
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Issue: | Stock
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Amount: | C$10 million
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Greenshoe: | For up to C$1 million
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Shares: | 17,241,379
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Price: | C$0.58
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Warrants: | No
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Placement agents: | Paradigm Capital Inc., M Partners Inc. and CIBC World Markets Inc.
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Pricing date: | March 17
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Settlement date: | March 31
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Stock symbol: | TSX Venture: OYM
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Stock price: | C$0.60 at close March 16
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