Vancouver, B.C., Canada (March 30, 2011) – Clearlease.com reports Olympus Pacific Minerals Inc. (“Olympus” or the “Company”) (TSX:OYM)(OTCBB:OLYMF)(ASX:OYM)(FRANKFURT:OP6) Olympus CEO, David Seton announces the Paterson Securities Equity Placement is now closed.
In order to move forward with the brokered private placement of Convertible Notes for a minimum of CAD$ 12 million with an option (subject to the Company’s acceptance) to sell an additional CAD$ 8 million, thereby achieving the Company’s funding target of a minimum of AUD$ 16.8 Million, Olympus has placed 14 million shares at AUD$ 0.40 to raise AUD$ 5.6 million with clients of Placement Lead Manager Patersons Securities Limited. Settlement of the Placement is due in the next few days. The Company will complete its capital raising by way of a more favorable convertible note offering (See Olympus Press Release dated March 22 & 25, 2011).
The Company believes raising capital through a convertible note is less dilutive and more favorable to shareholders than the earlier announced AUD$ 16.80 million equity raise (See Olympus Press Release dated March 25, 2011)
The capital raising will enable the Company to complete the building of its Phuoc Son gold plant, which due to unseasonably long and heavy rains has been delayed. This delay has had a consequent affect on internally generated cash flow previously allocated for significant self-funding of the project. Commissioning is now taking place and production from the plant is anticipated to commence in May.
DLC Clearlease currently has the following employment opportunities available: http://clearlease.com/Career-Opportunities.html
About DLC Clearlease
Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouver, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers, DLC Clearlease is a free service that can qualify you for an automobile or equipment lease finance. You save time and effort by giving DLC Clearlease.com your information just once; DLC Clearlease has partnered with over 100 lenders to offer you the best rates and service, comparable to none. We offer a simple application process available at http://clearlease.com/How-to-Apply.html . You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.
Contact DLC Clearlease.com:
Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. Pidgeon, Editor
Tel: (604) 696-1221 ext. 177
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
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Vancouver, B.C., Canada (March 30, 2011) – Clearlease.com reports Olympus Pacific Minerals Inc. (“Olympus” or the “Company”) (TSX:OYM)(OTCBB:OLYMF)(ASX:OYM)(FRANKFURT:OP6) Olympus CEO, David Seton announces the Paterson Securities Equity Placement is now closed.
In order to move forward with the brokered private placement of Convertible Notes for a minimum of CAD$ 12 million with an option (subject to the Company’s acceptance) to sell an additional CAD$ 8 million, thereby achieving the Company’s funding target of a minimum of AUD$ 16.8 Million, Olympus has placed 14 million shares at AUD$ 0.40 to raise AUD$ 5.6 million with clients of Placement Lead Manager Patersons Securities Limited. Settlement of the Placement is due in the next few days. The Company will complete its capital raising by way of a more favorable convertible note offering (See Olympus Press Release dated March 22 & 25, 2011).
The Company believes raising capital through a convertible note is less dilution and more favorable to shareholders than the earlier announced AUD$ 16.80 million equity raise (See Olympus Press Release dated March 25, 2011)
The capital raising will enable the Company to complete the building of its Phuoc Son gold plant, which due to unseasonably long and heavy rains has been delayed. This delay has had a consequent affect on internally generated cash flow previously allocated for significant self-funding of the project. Commissioning is now taking place and production from the plant is anticipated to commence in May.
DLC Clearlease currently has the following employment opportunities available: http://clearlease.com/Career-Opportunities.html
About DLC Clearlease
Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouver, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers, DLC Clearlease is a free service that can qualify you for an automobile or equipment lease finance. You save time and effort by giving DLC Clearlease.com your information just once; DLC Clearlease has partnered with over 100 lenders to offer you the best rates and service, comparable to none. We offer a simple application process available at http://clearlease.com/How-to-Apply.html . You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.
Contact DLC Clearlease.com:
Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. Pidgeon, Editor
Tel: (604) 696-1221 ext. 177
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
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Vancouver, B.C., Canada (March 30, 2011) – Clearlease.com reports Olympus Pacific Minerals Inc. (“Olympus” or the “Company”) (TSX:OYM)(OTCBB:OLYMF)(ASX:OYM)(FRANKFURT:OP6) Olympus CEO, David Seton announces the Paterson Securities Equity Placement is now closed.
In order to move forward with the brokered private placement of Convertible Notes for a minimum of CAD$ 12 million with an option (subject to the Company’s acceptance) to sell an additional CAD$ 8 million, thereby achieving the Company’s funding target of a minimum of AUD$ 16.8 Million, Olympus has placed 14 million shares at AUD$ 0.40 to raise AUD$ 5.6 million with clients of Placement Lead Manager Patersons Securities Limited. Settlement of the Placement is due in the next few days. The Company will complete its capital raising by way of a more favorable convertible note offering (See Olympus Press Release dated March 22 & 25, 2011).
The Company believes raising capital through a convertible note is less dilutive and more favorable to shareholders than the earlier announced AUD$ 16.80 million equity raise (See Olympus Press Release dated March 25, 2011)
The capital raising will enable the Company to complete the building of its Phuoc Son gold plant, which due to unseasonably long and heavy rains has been delayed. This delay has had a consequent affect on internally generated cash flow previously allocated for significant self-funding of the project. Commissioning is now taking place and production from the plant is anticipated to commence in May.
DLC Clearlease currently has the following employment opportunities available: http://clearlease.com/Career-Opportunities.html
About DLC Clearlease
Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouver, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers, DLC Clearlease is a free service that can qualify you for an automobile or equipment lease finance. You save time and effort by giving DLC Clearlease.com your information just once; DLC Clearlease has partnered with over 100 lenders to offer you the best rates and service, comparable to none. We offer a simple application process available at http://clearlease.com/How-to-Apply.html . You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.
Contact DLC Clearlease.com:
Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. Pidgeon, Editor
Tel: (604) 696-1221 ext. 177
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
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