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Article: Odyssey Completes First Tranche of Private Placement
- Article from:
- CCNMatthews Newswire
- Article date:
- October 27, 2006
CopyrightCopyright 2006 CCNMatthews Newswire. Provided by ProQuest LLC. (Hide copyright information)
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TORONTO, ONTARIO--(CCNMatthews - Oct. 27, 2006) -
Not for distribution to U.S. news wire services or dissemination
in the United States
Avrom E. Howard, President & CEO of Odyssey Resources Limited (TSX
VENTURE:ODX) is pleased to announce that it has completed the first
tranche of the private placement of up to C$2 million of Units
previously announced on October 6, 2006. A total of 16,546,300 Units
of the Company were issued at a price of $0.10 per Unit for total
proceeds of C$1,654,630. Each Unit consists of one common share and
one half purchase warrant, with each warrant exercisable into an
additional common share of the Company at a price of $0.15 per share.
Warrants are exercisable at ...