CALGARY, May 14 /CNW/ - Olympia Financial Group Inc. ("Olympia") invested nearly $2 million of its free cash during the first quarter of 2009 in shares of two companies listed on the Toronto Stock Exchange.
Olympia reported an unrealized gain of $609,273 on these marketable securities held for trading for the quarter ending, March 31, 2009.
Olympia sold marketable securities with a cost of $985,930 during the month of May for proceeds of $1,890,910, thereby realizing a profit of $904,980.
At the current share price Olympia has an unrealized gain of $700,000 on marketable securities still invested.
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