News Release Tue Feb 22
The company has made the following appointments:
Paul Parisotto, vice-president, corporate development
Mr. Parisotto resides in Toronto and has more than 16 years experience in
the investment industry. He is currently president of Coniston Investment
Corp., an investment banking boutique which specializes in the biotech,
high-tech and resource sectors. He began his career at the Toronto Stock
Exchange where he spent 11 years primarily as manager of new listings.
Since 1995, he served as a senior vice-president, investment banking, for a
national investment dealer, where he was responsible for significant equity
and debt financings for small cap companies.
Heath Ellingham, vice-president, investor relations
Mr. Ellingham resides in Vancouver and has more than 25 years experience in
corporate and project financings, mergers and acquisitions. More recently,
he has devoted his energies to a small group of development-stage private
biomedical companies. Through these efforts, he has cultivated several
excellent contacts within the biotech industry and in the North American
and European investment communities.
The company has also begun to seek corporate opportunities outside of the
natural resource fields with a focus on biotechnology. This decision has
been made after management sought recommendations from industry
participants and several of its larger shareholders. The company continues
to hold a sound portfolio of oil and gas properties in California, and with
over $3-million in working capital, and a strong management team, Olympic
is well positioned to participate in other industries which offer rapid
growth.
Further announcements will be made as opportunities of interest are made
available to the company. |
