Olympia raising equity

EMERGING mineral sands play Olympia Resources is looking to raise $2.2 million through a share placement to fund further development of its Keysbrook project in Western Australia, which is expected to come online in early 2007.

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Olympia will issue 11 million shares at 20c each to raise the equity, with one free attaching option with every two shares, exercisable before December 2007.

A price tag of $31.

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