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TORONTO, ONTARIO--(Marketwire - Dec. 15, 2011) - Olivut Resources Ltd. (the "Company" or "Olivut") (TSX VENTURE:OLV), in a non brokered private placement and subject to regulatory approval, proposes to issue (i) up to 1,600,000 common shares in the capital of Olivut to be issued on a flow-through basis (each, a "FT Share") at a price of $1.25 per FT Share; and (ii) up to 909,090 common shares in the capital of Olivut (each, a "Common Share") at a price of $1.10 per Common Share. |
