Olympic Resources Ltd. (TSXV:OLA) announced a non-brokered private placement of 4,000,000 units at CAD 0.05 per unit for gross proceeds of CAD 200,000 on December 20, 2013. Each unit consists of one common share and one non transferrable common share purchase warrant. Each warrant entitles the holder to purchase one share at an exercise price of CAD 0.10 for a period of five years following the closing of the transaction. The securities issued will be subject to a statutory four month hold period. The company may pay a finder's fee to certain arm's length parties on the proceeds raised. Completion of the offering is subject to receipt of all regulatory approvals, including the approval of the TSX Venture Exchange.

On January 5, 2014, Olympic Resources Ltd. closed the transaction. The company issued the securities to 23 placees. Existing investors of the company, 49 North Resources Inc., Marvin Mitchell, Marie Constance Norman, and Zimtu Capital corp. participated with 1,000,000, 10,000, 10,000, and 1,000,000 units respectively.