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Solid Announces Payment of Finders' Fees On the Peru Gold and Copper Property
Solid Announces Payment of Finders' Fees On the Peru Gold and Copper Property
About this update from Regenx Tech Corp
[{"type":"text","content":"\n\n\n\n Sep. 24, 2010 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\n VANCOUVER, Sept. 24 /CNW/ - Solid Resources Ltd. ("Solid" or\n the "Company") (TSX Venture: SRW; Frankfurt: A0BLQQ) is\n pleased to announce that, in connection with the option agreement\n previously announced on June 4, 2010, it has now completed the issuance\n of the 1,000,000 common shares as payment of the finders fees.  The\n common shares were issued at a deemed price of $0.21 and are subject to\n a four month hold period expiring on January 11, 2011.  Of these shares,\n 200,000 common shares were issued to a director of the Corporation. \n Solid has determined that exemptions from the various requirements of\n the TSX Venture Exchange Policy 5.9 and Multilateral Instrument 61-101\n are available for the issuance of the shares to the director of the\n Corporation (Formal Valuation - Issuer Not Listed on Specified Markets;\n Minority Approval - Fair Market Value Not More Than 25% of Market\n Capitalization).\n \n\n Pursuant to the option agreement, Solid has the option to purchase a\n metallic mining license, covering an area of 1,000 hectares, located in\n Northwest Peru.  Under the terms of the option agreement, Solid has the\n right to purchase the license, during the three year term, by paying the\n Optionor a total of US$500,000, to be paid in tranches over the course\n of the period ending on December 2012.  The first cash payment of\n US$4,000 has already ...