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Gold/Mining/Energy : Olympic Resources ORL:VSE
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To: burner who started this subject3/10/2001 3:52:49 AM
From: burner   of 95
 
Olympic completes negotiations of MI acquisition

Olympic Resources Ltd
ORL
Shares issued 11,994,378
Mar 8 2001 close $.550
Mar 9 2001 1:48:01
Mr. Daryl Pollock reports
Olympic Resources has been advised that negotiations have concluded
for the acquisition of control of MI Vascular Innovations Inc. (MI) by DBS
Holdings Inc. (DBS). The parties' legal counsel are completing
documentation and the company expects agreements to be circulated
in the next few days for execution. The documents as drafted, and if
executed by all shareholders trade parties with the companies, will
result in the first level acquisition of approximately 643 of MI in
consideration of the issuance of 5.67 million shares of DBS.
DBS Holdings Inc. is a public listed company trading on the OTC
Bulletin Board exchange in the United States under the symbol DBSH.
MI is a stent medical device development company. Its laser cut stent
produced at MI's manufacturing facilities in Vancouver underwent
successful animal trials at the Mayo Clinic in 2000 and commenced
clinical trials in Sao Paulo, Brazil, in February, 2001. MI has raised
approximately $5-million (U.S.) privately for development of its stent and
has issued capital of approximately 16 million shares.
Olympic holds 600,000 shares and 1.2 million warrants in MI Vascular
Innovations Inc.
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