HO CHI MINH CITY, Vietnam, March 20 /CNW/ - Vietnam Growth Fund Limited
("VGFL") and Vietnam Dragon Fund Limited ("VDFL") each subscribed (the
"Subscriptions") for 4,285,714 common shares of Olympus Pacific Minerals Inc.
("Olympus") on a private placement basis on March 19, 2007. VGFL and VDFL are
investment funds managed by Dragon Capital Group Limited and/or its
affiliates, including Dragon Capital Markets Limited, Dragon Capital
Management Limited and Enterprise Investment Management Limited (Dragon
Capital Group Limited and its affiliates referred to as "Dragon Capital").
Dragon Capital now holds on its own behalf, and on behalf of one or more
investment funds managed by Dragon Capital, 72,833,441 common shares. Such
72,833,441 common shares represent approximately 39.08% of the issued and
outstanding common shares of Olympus. Of such 72,833,441 common shares, Dragon
Capital has ownership of 200,000 common shares through its affiliate Dragon
Capital Management Limited and 1,270,000 common shares through its affiliate
Dragon Capital Markets Limited and exercises control or direction over an
aggregate of 39,369,227 common shares owned by VGFL, an aggregate of
12,285,714 common shares owned by VDFL, and an aggregate of 19,708,500 common
shares owned by Vietnam Enterprise Investments Limited.
For further information:
For further information: Dragon Capital Group Limited, Donald Gitlin,
Legal Counsel, 1901 Me Linh Point, 2 Ngo Duc Ke Street, District 1, Ho Chi
Minh City, Vietnam, Tel: 011 84 8 823 9355, Fax: 011 84 8 823 9366, Email: