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| Home : Olivut Resources Ltd. Provides Update on Innovative Funding Commitment and Exploration Plans |
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Apr 08
2013 |
Olivut Resources Ltd. Provides Update on Innovative Funding Commitment and Exploration Plans |
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TORONTO, ONTARIO--(Marketwired - April 8, 2013) - Olivut Resources Ltd. ("Olivut" or the "Company") (TSX VENTURE:OLV) announces that it has closed its previously announced private placement of a $300,000 callable, convertible security pursuant to the terms of the Securities Purchase Agreement (the "Agreement") dated March 12, 2013 to raise up to $18 million over approximately the next 36 months in a tranched placement of securities to the Canadian Special Opportunity Fund, L.P., a fund managed by The Lind Partners, a New York-based asset management firm (together "Lind") focused on junior natural resource companies. |
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| Source:http://www.marketwire.com/mw/release.do?id=1776116&sourceType=3 |
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