Olivut Resources Ltd (OLVRF.PK) Key Developments | Reuters.com
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Olivut Resources Ltd (OLVRF.PK)

OLVRF.PK on OTC Markets Group

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29 Jun 2016
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Latest Key Developments (Source: Significant Developments)

Olivut Resources Ltd closes private placement
Wednesday, 15 Oct 2014 04:22pm EDT 

Olivut Resources Ltd:Closes a non-brokered private placement for aggregate gross proceeds of $330,000.Private Placement comprised placements of 420,000 flow-through common shares for proceeds of $105,000 at a price of $0.25 per FT Share.Private Placement also comprise of 1,125,000 common shares for proceeds of $225,000 at a price of $0.20 per Common Share.The FT Shares and the Common Shares are subject to resale restrictions pursuant to applicable securities laws requirements and will not be freely tradable until Feb. 16, 2015.Use the proceeds of the FT Placement primarily to fund exploration of its HOAM project in the Northwest Territories, Canada and proceeds of the Common Shares for exploration and general corporate purposes.  Full Article

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