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CALGARY, Feb. 28 /CNW/ - Solana Resources Limited, (TSXV: SOR, AIM: SORL), the Colombia focused independent oil and gas exploration and production company, announces in accordance with AIM requirements that, as a result of purchases through the facilities of the TSX Venture Exchange, the following transactions took place in the common shares of the Corporation by the following Directors of the Company:
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Price
Director Date Transaction Shares CDN $
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Stan G.P. Grad February 28, 2007 Acquisition 40,000 $0.97
Director of Shares 7,000 $1.04
41,000 $1.05
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Roy H. Hudson February 28, 2007 Acquisition 19,000 $0.96
Director of Shares 375 $1.02
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As a result, Mr. Grad holds, directly or indirectly, approximately 2.74% of the total issued common shares of the Corporation and Mr. Hudson holds, directly or indirectly, approximately 0.104% of the total common shares of the Corporation, as at the date of this announcement.
All prices are in Canadian dollars, unless noted otherwise.
NO REGULATORY AUTHORITY HAS APPROVED OR DISAPPROVED THE CONTENT OF THIS
RELEASE. THE TSX VENTURE EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE
ADEQUACY OR ACCURACY OF THIS RELEASE.