Olive Resource Capital Inc. Closes Non-Brokered Private Placement
Olive Resource Capital closed its non-brokered private placement, issuing 29,256,545 common shares at $0.11 per share for gross proceeds of approximately $3,218,200. Insiders, including certain directors and officers, acquired 7,250,000 shares as part of the offering, which was treated as a related party transaction under MI 61-101.
Key figures
- Deal Value Usd
- 3218200
- Offering Price
- 0.11
- Shares Offered
- 29256545
- Insider shares
- 7250000
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