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GLDN 0.055 +0.0% BRON 0.040 +0.0% BTO 5.43 −0.7% ESK 0.365 −2.7% AUMN 0.275 +0.0% GGX 0.040 +0.0% S 0.155 +29.2% NNX 0.035 +0.0% ABX 51.90 −0.6% TTS 2.40 −4.0% FCI 0.400 −9.1% GR 0.075 +0.0% AII 23.38 +12.4% TUNG 1.72 +1.8% LGO 1.01 −2.9% EMM 0.080 +0.0% GLDN 0.055 +0.0% BRON 0.040 +0.0% BTO 5.43 −0.7% ESK 0.365 −2.7% AUMN 0.275 +0.0% GGX 0.040 +0.0% S 0.155 +29.2% NNX 0.035 +0.0% ABX 51.90 −0.6% TTS 2.40 −4.0% FCI 0.400 −9.1% GR 0.075 +0.0% AII 23.38 +12.4% TUNG 1.72 +1.8% LGO 1.01 −2.9% EMM 0.080 +0.0%
Financings

Petrolympic Announces Closing of Private Placement

By The Northwire Desk — AI Analysis Feb 18, 2026 · 07:30 PCQ · 0.09 Petrolympic Ltd.
PCQ · Price

Executive Summary

  • Petrolympic Ltd. closed a non‑brokered private placement of 5,195,000 units at $0.08 per unit, generating gross proceeds of $415,600.
  • Each unit includes one common share and one warrant to purchase an additional share at $0.18 for 24 months (accelerated if the share trades ≥ $0.30 for 30 consecutive days).
  • All securities are subject to a four‑month plus one‑day hold period under applicable securities laws.

Key Details

  • Units offered: 5,195,000
  • Price per unit: $0.08
  • Aggregate gross proceeds: $415,600
  • Unit composition: 1 common share + 1 warrant (exercise price $0.18, 24‑month term, acceleration clause).
  • Hold period: 4 months + 1 day from issuance date.
  • Use of proceeds: Not explicitly disclosed in the release; typical purposes include funding exploration activities on gold and lithium assets in Quebec and Ontario.

Notable Quotes

(No direct quotes were provided in the release.)

Read the original news release →

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