Business
Pierre Lassonde Increases Ownership in Olivut
Pierre Lassonde Increases Ownership in Olivut.
About this update from Olivut Resources Ltd.
[{"type":"text","content":"\n\n\n\nTORONTO, July 31 /CNW/ - Mr. Pierre Lassonde announced today that he has\nrecently purchased 300,000 common shares of Olivut Resources Ltd. (TSX-V: OLV)\n(the "Company") through the facilities of the Toronto Stock Exchange Venture\nExchange.\n\n\nAs a result of this recent purchase, Mr. Lassonde currently owns or\nexercises control and direction over 2,938,571 common shares of the Company\nand 269,286 warrants exercisable at $2.00 per share until May 2009. Mr.\nLassonde's current shareholdings represent approximately 9.3% of the current\nissued and outstanding common shares of the Company and 10.07% assuming the\nwarrants are exercised. Mr. Lassonde has further advised the Company that he\nhas acquired the additional 300,000 common shares for investment purposes. He\nhas indicated that he will review his holdings from time to time and that he\nmay increase or decrease his position as future circumstances may dictate.\n\n\n","length":990,"tagName":"div"}]