Petrolympic 8,770,666-share private placement

2014-02-10 18:15 ET - Private Placement

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced Jan. 13, 2014.

Number of shares:  8,770,666 shares

Purchase price:  15 cents per share

Warrants:  8,770,666 share purchase warrants to purchase 8,770,666 shares

Warrant exercise price:  25 cents for an 18-month period

Number of placees:  11 placees

Finders' fees:  A total of 877,066 compensation options, each exercisable at a price of 15 cents for a period of 18 months into one common share and one warrant with the same terms as above, payable to Saul Fixler, Hanna Brach and Miraiam Wider