Odyssey Raises a Total of $950,000 in Flow-Through Funds
LONGUEUIL, QUEBEC–(Marketwire – Dec. 24, 2009) – Odyssey Resources Limited (”Odyssey” or the “Company”) (TSX VENTURE:ODX) is pleased to announce that it has closed the final portion of its non-brokered private placement announced on December 18, 2009. The Company has issued a total of 4,750,000 “flow-through” common shares (”FT Shares”) at a price of C$0.20 per FT Share for total proceeds of $950,000.
The Company paid total finder’s fees of C$53,550 and issued 267,750 finder’s warrants, with each finder’s warrant entitling the holder to acquire one common share at a price of C$0.20 for a period of 24 months from the date of distribution.