Petrolympic Ltd. Closes $150,000 Private Placement to Boost Exploration Efforts

Petrolympic ( (TSE:PCQ) ) has provided an announcement.

Petrolympic Ltd. has successfully closed a non-brokered private placement, raising $150,000 through the issuance of 3,000,000 units. Each unit comprises one common share and one warrant, allowing the purchase of an additional share at $0.10 within 24 months, subject to certain conditions. This financial move is expected to support the company’s exploration activities and strengthen its position in the mining industry, particularly in its strategic focus areas of lithium and gold exploration in Quebec.

More about Petrolympic

Petrolympic is a Junior Canadian gold and lithium mining company operating in North America. The company is currently focused on its lithium exploration assets in the James Bay region, Basserode and Fournière in the Abitibi region, and its gold exploration assets at Vauquelin and Rayon d’Or in the Val d’Or region, all located in the Province of Quebec, Canada.

YTD Price Performance: 50.0%

Average Trading Volume: 24,323

Technical Sentiment Consensus Rating: Sell

Current Market Cap: C$8.33M

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