Agoracom Blog

Olympic Resources Gets Halted, Changes Name To Kapuskasing … Look Who Is Behind It

Posted by AGORACOM at 5:40 PM on Thursday, February 27th, 2014



Kapuskasing  Gold Corp is going to start trading tomorrow under KAP.    On its face, not a big deal BUT a closer look shows (the old) Olympic has been cleaning up with a share consolidation just before Christmas and a small but important private placement in early February.

Just a few clicks and look what I found:


OLA: Private Placement Non Brokered

 OLYMPIC RESOURCES LTD. (“OLA”) – Private Placement-Non-Brokered

TSX Venture Tier 2 Company

TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced December 20, 2013:

Number of Shares: 4,000,000 shares

Purchase Price: $0.05 per share

Warrants: 4,000,000 share purchase warrants to purchase 4,000,000 shares

Warrant Exercise Price: $0.10 for a five year period

Number of Placees: 23 placees

Insider / Pro Group Participation:

Insider=Y /

Name ProGroup=P # of Shares

49 North Resources Inc. Y 1,000,000

Marvin Mitchell Y 10,000

Marie Constance Norman Y 10,000

Zimtu Capital Corp. Y 1,000,000


Watching closely.

Comments are closed.