Source:DigiGeoData
  • Olivut Resources (OLV) has closed a non-brokered private placement for proceeds of $300,000
  • The offering consisted of 6,000,000 common shares at a price of $0.05 per share
  • Olivut will use the proceeds for exploration and general corporate purposes
  • Olivut is a diamond exploration company with interests in projects located in northern Canada
  • Olivut Resources Ltd. (OLV) opened trading at C$0.04

Olivut Resources (OLV) has closed a non-brokered private placement for proceeds of $300,000.

The offering consisted of 6,000,000 common shares at a price of $0.05 per share.

All securities issued are subject to a statutory four-month hold period.

Olivut will use the proceeds for exploration and general corporate purposes.

Olivut is a diamond exploration company with a 100 per cent mineral interest in the HOAM Project and a 50 per cent interest in the Seahorse Project both located in the Northwest Territories.

Olivut Resources Ltd. (OLV) opened trading at C$0.04.

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