- Petrolympic (PCQ) has completed a non-brokered private placement for gross proceeds of $646,998
- The private placement saw the company issuing 5,881,800 common shares of the company on a flow-through basis at a price of $0.11 per FT share
- The company intends to use the net proceeds of the offering to explore its mineral properties located in Quebec
- Petrolympic Ltd. is an exploration company engaged in the acquisition, exploration, and development of petroleum light crude oil and natural gas properties in North America
- Petrolympic Ltd. was unchanged at $0.09 at 12:47 PM ET
Petrolympic (PCQ) has completed a non-brokered private placement for gross proceeds of $646,998.
The private placement saw the company issuing 5,881,800 common shares of the company on a flow-through basis at a price of $0.11 per FT share.
In connection with the offering, the company paid finder’s commissions of an aggregate of $19,409.94 and issued an aggregate of 215,666 finder’s shares at the 20-day VWAP price of $0.09 per finder’s share.
The securities issued under the offering have a hold period of four months and one day from the date of issuance.
The company intends to use the net proceeds of the offering to explore its mineral properties located in Quebec.
Petrolympic Ltd. is an exploration company engaged in the exploration and development of petroleum light crude oil and natural gas properties in North America.
The company operates and holds an interest in two business areas, including the St. Lawrence Lowlands, Gaspe Peninsula, and the Maverick Basin Project in the U.S.
Petrolympic Ltd. was unchanged at $0.09 at 12:47 PM ET.