- Petrolympic Ltd. (PCQ) closed a non-brokered private placement for gross proceeds of $186,000
- The company issued 3.1 million units for $0.06 per unit
- A unit consists of one common share and one common share purchase warrant
- Each warrant allows the holder to purchase an additional common share for $0.10
- Petrolympic is an exploration company focused on petroleum light crude oil and natural gas properties in North America
- Petrolympic Ltd. (PCQ) is unchanged trading at $0.04 per share as of 3:55 p.m. ET
Petrolympic (PCQ) has closed a non-brokered private placement for gross proceeds of $186,000.
The company issued 3.1 million units for $0.06 per unit. A unit consists of one common share and one common share purchase warrant. Each warrant allows the holder to purchase an additional share for $0.10 per share for a three-year period.
The units are subject to an acceleration clause if the company’s common shares trade at or above $0.20 for 30 consecutive trading days.
Petrolympic is an exploration company focused on acquiring, exploring, and developing petroleum light crude oil and natural gas properties in North America. The company operates and holds an interest in the St. Lawrence Lowlands and Gaspe Peninsula in Canada and the Maverick Basin Project in the U.S.
Petrolympic Ltd. (PCQ) is unchanged trading at $0.04 per share as of 3:55 p.m. ET.
