Key Developments: Olivut Resources Ltd (OLVRF.PK)

OLVRF.PK on OTC Markets Group

16 Dec 2014
Price Change (% chg)

-- (--)
Prev Close
Day's High
Day's Low
Avg. Vol
52-wk High
52-wk Low

Search Stocks

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

Olivut Resources Ltd Announces Innovative Funding Commitment for Up to $18 Million
Tuesday, 12 Mar 2013 09:01pm EDT 

Olivut Resources Ltd announced that it has entered into a Securities Purchase Agreement (the Agreement) 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. It is anticipated that the initial cash advance date under the Agreement will occur on March 13, 2013. Olivut intends to use the proceeds to supplement its current cash position of approximately $1.1 million, to continue Olivut's exploration programs and for working capital purposes. Subject to the terms and conditions of the Agreement, Lind will invest $500,000 on the initial cash advance date and $200,000 every month (approximately) over the following 35 months. Tranches may be increased to a maximum of $500,000 upon mutual agreement between Olivut and Lind and may be less than $200,000 after the first tranche if any single tranche exceeds 0.55% of the Company's market capitalization. The initial investment of $500,000 consists of (i) a $300,000 callable, convertible security that may be converted into 689,655 units (each a "Unit").  Full Article

No consensus analysis data available.
Search Stocks