Olympus-Ivanhoe Debt To Be Acquired By Zedex.TORONTO -- Olympus Pacific Minerals Inc. (TSX TSX Toronto Stock Exchange (TSE before April, 2002)TSX Transfer from Stack Pointer to Index TSX True Space Extension VENTURTE:OYM OYM Office of Youth Ministry OYM Open Your Mind )(FRANKFURT:OP6) reports that it has been advised by Ivanhoe Mines Ltd. and Zedex Minerals Limited that Zedex Minerals has entered into an agreement to acquire from Ivanhoe the US$1,024,226 debt due from Olympus to Ivanhoe. The debt represents the final payment due to Ivanhoe from Olympus for the 1997 acquisition of Ivanhoe's Vietnamese mineral properties. Olympus Pacific Minerals Inc. as first mover in Vietnam, is positioned to become a leading gold explorer and producer in Southeast Asia. Olympus is committed to its vision of making major discoveries in the region and increasing shareholder wealth. THE TSX VENTURE EXCHANGE TSX Venture Exchange Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors. HAS NOT REVIEWED AND DOES NOT ACCEPT RESP RESP Response RESP Registered Education Savings Plan (Canada) Resp Responsibility Resp Respektive (Sweden: respectively) Resp Respiration RESP Respironics, Inc. ONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE. Olympus Pacific Minerals Inc. (TSX VENTURE:OYM) (FRANKFURT:OP6) |
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