Petrolympic Ltd.

Petrolympic Ltd. , announces that a total of 1,500,000 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 December 8, 2027. These options vest quarterly in equal amounts over 12 months from issuance and are granted under the Company's stock option plan. For further information please contact: Mendel Ekstein [...]

Petrolympic Ltd. wishes to announce it has completed a non-brokered private placement of 5,881,800 common shares of the Company on a flow-through basis at a price of $0.11 per FT Share, for aggregate gross proceeds of $646,998. In connection with the Offering, the Company paid finder's commissions of an aggregate of $19,409.94 and issued an aggregate of 215,666 finder's shares at the 20-day VWAP price of $0.09 per [...]

Petrolympic Ltd. is pleased to announce the presence of several white pegmatite dykes on the Basserode Property in the Decelles Reservoir Area. The Property is located approximately 30 kilometers southeast of the town of Rouyn-Noranda and south of national highway 117. The two claim blocks consist of 109 and 14 mining claims each, covering respectively 15,533.6 acres and 1,993.1 acres , easily accessible via local logging [...]

Petrolympic Ltd. is pleased to announce that the TSX Venture Exchange has accepted for filling the documentation pertaining to a purchase agreement previously announced July 26th, 2002. Pursuant to the TSX-V approval the Company and the vendors have amended the terms of the purchase agreement to acquire the Basserode Lithium and Fournière Lithium properties in the emerging Cadillac-Pontiac lithium camp in the [...]

Petrolympic Ltd. is pleased to announce the closing of a non-brokered private placement , consisting of 3,100,000 units at a price of $0.06 per Unit to raise aggregate gross proceeds of $186,000. 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 36 months from closing, subject [...]

Petrolympic Ltd. is pleased to announce that the Company will begin a drilling campaign, with an initial minimum of approximately 1,000 meters, to test coinciding structural features with IP-Resistivity Axes and extensions of previously drilled auriferous mineralizations on its 100% controlled Belcourt Property in Abitibi, Quebec. The property consists of 125 map-designated claims in four blocks , all proximal to one [...]

Petrolympic Ltd. is pleased to present the results of a high-resolution magnetic survey undertaken on its Vauquelin Rayon-d'Or Property . Figure 1: Property Map is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/7430070c-6659-4c5f-93b2-a60555e67ad5 The Property was flown with traverse lines at 50-meters spacing. The survey lines were oriented north-south with magnetic sensor at 17 meters above ground [...]

Petrolympic Ltd. is pleased to announce that the TSX Venture Exchange has accepted for filling the documentation pertaining to a purchase agreement dated November 16, 2021, between the Company and the vendors. Pursuant to this agreement, the Company will acquire three Mining Claims covering 75 Ha and located in the heart of the previously purchased Evangeline Lake gold property. As consideration, the Company will issue to [...]

Petrolympic Ltd. is pleased to announce that the Company has entered into an agreement to acquire three additional Mining Claims covering 75 Ha and located in the heart of the previously purchased Evangeline Lake gold property, which consists of 24 map designated mining claims covering 600 Ha Southwest of Espanola, Ontario, District of Sudbury , approximately 70 km Southwest of the town of Sudbury, a major gold mining [...]

Petrolympic Ltd. is pleased to provide an update on its exploration projects and the potential of the Rayon d'Or and Vauquelin gold properties. Petrolympic is currently developing an exploration program to delineate the extensions of auriferous zones included in the Rayon d'Or and Vauquelin deformation corridor. In particular, the Company is undertaking an airborne magnetic survey followed by a ground Induced Polarization [...]