Petrolympic Ltd. Announces Closing Of Private Placement Financing
11/24/22, 5:04 PM
Location
torontoPetrolympic Ltd. (the "Company", TSXV: PCQ) wishes to announce it has completed a non-brokered private placement (the "Offering") of 5,881,800 common shares of the Company on a flow-through basis (“FT Shares”) at a price of $0.11 per FT Share, for aggregate gross proceeds of $646,998.
Company Info
Location
toronto, ontario, canada
Additional Info
Petrolympic Ltd. (PCQ.V) is a Canadian junior oil and gas company actively exploring for premium light crude oil and natural gas in North America. The Company is presently focused on its near-term oil production 8,000+ acre asset in the prolific Maverick Basin of Texas, USA.
The company also has assets located in the Utica Fairway of Quebec, Canada and holds 100% interest in exploration rights over 97,507 hectares (240 883 acres) and 30% interest in 36 exploration permits totaling 672 438 hectares (1 661 594 acres) in the Gaspé Peninsula and St. Lawrence Lowlands where shale oil and shale gas targets are abundant.