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| Home : Petrolympic Announces Non-Brokered Private Placement |
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Jun 25
2013 |
Petrolympic Announces Non-Brokered Private Placement |
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TORONTO, ONTARIO--(Marketwired - June 24, 2013) - Petrolympic Ltd. (TSX VENTURE:PCQ) (the "Company") is pleased to announce that it intends to complete a non-brokered private placement (the "Private Placement") of up to 8,333,333 units of the Corporation (the "Units") at a price of $0.06 per Unit for aggregate gross proceeds of up to $500,000. Each Unit will consist of one common share of the Corporation (a "Unit Share") and one common share purchase warrant (a "Warrant"). Each Warrant will entitle the holder to purchase one common share ("a "Warrant Share") at a price of $0.10 per Warrant Share for a period of 20 months from the date of issuance (the "Expiry Time"). In the event that the common shares of the Company trade at or above $0.20 for a period of thirty (30) consecutive trading days at any time prior to the Expiry Time, the Company may accelerate the Expiry Time by giving at least thirty (30) days prior written notice (the "Notice") to the warrant holders, and in such a case the Warrants shall expire on the 30th day after the date on which such Notice is delivered by the Company or such later expiry date set out in the Notice. |
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| Source:http://www.marketwire.com/mw/release.do?id=1805176&sourceType=3 |
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