Petrolympic Ltd. is pleased to announce the closing of a non-brokered private placement , consisting of 3,000,000 units at a price of $0.05 per Unit to raise aggregate gross proceeds of $150,000. Each Unit consists of one common share of the Company and one Common Share purchase warrant . Each Warrant entitles the holder thereof to purchase a Common Share at $0.10 per share for a period of 24 months from closing, subject [...]
Petrolympic Ltd. is pleased to announce a drilling program on the Vauquelin-Rayon d'Or Property . The Property consists of 37 mining claims totaling 2,129 hectares located 30 km east of the city of Val-d'Or, Québec, on the eastern extension of the world-famous Cadillac Break within the Val-d'Or Mining Camp . The Rayon d'Or gold zone was previously discovered by drilling on the northwest side of Gueguen Lake. The [...]
Petrolympic Ltd. holds a gold property located in the south of the Sudbury mining camp, Province of Ontario . The Evangeline property consists of 24 map designated mining claims covering 600 Ha property in Southwest of Espanola, Ontario, District of Sudbury approximately 70 km Southwest of the town of Sudbury, a major gold mining center in Central Ontario. The property lies within a belt of Huronian metasediments which [...]
Petrolympic Ltd. wishes to announce it has completed a non-brokered private placement of 5,000,000 common shares of the Company on a flow-through basis at a price of $0.08 per FT Share, for aggregate gross proceeds of $400,000. In connection with the Offering, the Company paid finder's commissions of an aggregate of $12,000 and issued an aggregate of 150,000 finder's shares at $0.08 per Finder's Share. The securities [...]
Petrolympic Ltd. is pleased to report on the decision made by the Québec Superior Court to stay some provisions of Bill 21, the Act ending exploration for petroleum and underground reservoirs and production of petroleum and brine , for the duration of the judicial proceedings. In its ruling, the Court concluded to the legitimacy of Petrolympic's claim that some provisions of the Act represent a serious legal matter which [...]
Petrolympic Ltd. wishes to announce it has completed a non-brokered private placement of 3,333,330 common shares of the Company on a flow-through basis at a price of $0.06 per FT Share, for aggregate gross proceeds of $199,999.80. In connection with the Offering, the Company paid finder's commissions of an aggregate of $5,999.99 and issued an aggregate of 199,999 finder's shares at $0.05 per Finder's Share. The securities [...]
Petrolympic Ltd. is pleased to provide an update on its exploration program in the Vauquelin-Rayon d'Or Property . The Property consists of 37 mining claims totaling 2,129 hectares located 30 km east of the city of Val-d'Or, Québec, on the eastern extension of the world-famous Cadillac Break within the Val-d'Or Mining Camp . The 2023 drilling program was designed to test priority targets provided by IP-Resistivity surveys [...]
Petrolympic Ltd. , wishes to announce that the Company has applied to the TSX Venture Exchange to extend the term of 1,666,667 common share purchase warrants originally issued pursuant to a private placement on December 1, 2020. Subject to the approval of the TSXV, the expiry dates of the December 2020 Warrants will be extended as follows: Number of Warrants: 1,666,667 Original Expiry Date of Warrants: December 1, 2023 [...]
Petrolympic Ltd. is pleased to provide an update on its exploration program in the Vauquelin- Rayon d'Or Property , with emphasis on the preliminary results of its Summer 2023 drilling campaign, that confirm and expand the potential for gold already previously indicated by historical drill holes. The Property consists of 37 mining claims totaling 2,129 hectares located 30 km east of the city of Val-d'Or, Québec, on the [...]
Petrolympic Ltd. , announces that a total of 4,650,000 options to purchase common shares of the Company have been granted to directors and officers of the Company at an exercise price of $0.10 per share, expiring on June 12, 2028. These options are replacing recently expired options and vest immediately. For further information please contact: Mendel Ekstein President Tel. 845-656-0184 Fax 845-231-6665 82 Richmond St East [...]
Petrolympic Ltd. is pleased to provide an update on its geophysical program in the Rayon d'Or and Vauquelin Property . The Property consists of 37 mining claims totaling of 2,129 hectares located 30 km east of the city of Val-d'Or, Québec, on the eastern extension of the world-famous Cadillac Break within the Val-d'Or Mining Camp. Figure 1: General location of the Rayon d'Or and Vauquelin Property within the Val-d'Or [...]
Petrolympic Ltd. is pleased to provide an update on its exploration campaign in the Vauquelin-Rayon d'Or Property . The Property consists of 37 mining claims totaling 2,129 hectares located 30 km east of the city of Val-d'Or, Québec, on the eastern extension of the world-famous Cadillac Break within the Val-d'Or Mining Camp. Figure 1: General location of the Rayon d'Or and Vauquelin Property within the Val-d'Or Mining [...]