Olympic Oil Industries Ltd: Outcome of EGM

Olympic Oil Industries Ltd has informed BSE that the members at the Extra Ordinary General Meeting (EGM) of the Company held on April 23, 2011, inter alia, has passed the resolution to issue, offer and allot, on preferential basis, up to 3,77,000 Equity Shares (Three Lakh Seventy Seven Thousand) and 1,73,500 Warrants (One Latch Seventy Three Thousand Five Hundred) (the 'Subscription Shares and Warrants') of Rs. 10/- (Rupees Ten only) each at a Premium Rs. 10/- (Rupees Ten only) each, in accordance with SEBI ICDR Regulations and other relevant guidelines / regulations as may be applicable, on remuneration, terms & conditions.Read More