| Home : May 2011 : May 08, 2011 News : Olympus Closes the Remaining Private Placement Financing of US$14.6 Million of Four-Year 8% Unsecured Convertible Notes and Warrants |
Olympus Closes the Remaining Private Placement Financing of US$14.6 Million of Four-Year 8% Unsecured Convertible Notes and Warrants |
May 08, 2011
TORONTO, ONTARIO--(Marketwire - May 7, 2011) - Olympus Pacific Minerals Inc. ("Olympus" or the "Company") (TSX:OYM)(ASX:OYM)(OTCBB:OLYMF)(FRANKFURT:OP6) announces that it has closed the remaining private placement financing of US$14.6 million of a four-year 8% unsecured and redeemable notes convertible at US$0.51 per common share (the "Notes") and including warrants exercisable to acquire common shares at CAD$0.55 based on a one share and half warrant equivalent structure (see details below). The conversion of the Notes (and the exercise of the warrants) into shares is subject to shareholder approval
http://www.marketwire.com/mw/release.do?id=1511392&sourceType=3
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