Business
SOLID RESOURCES CLOSES PRIVATE PLACEMENT
SOLID RESOURCES CLOSES PRIVATE PLACEMENT
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[{"type":"text","content":"\n\n\n\n Nov. 18, 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\nTSXV:              SRW    \nFRANKFURT:  A0BLQQ\n\n\nVANCOUVER, Nov. 18 /CNW/ - Solid Resources Ltd. ("Solid" or the "Company") (TSX Venture: SRW; Frankfurt: A0BLQQ) announced today that it has closed the non-brokered private placement of\n Units for aggregate gross proceeds of $1,250,000 (the "Offering"),\n previously announced on November 4, 2010, subject to TSX Venture\n Exchange final approval.\n\n\nThe Company has issued a total of 20,833,333 Units at a price of $0.06\n per Unit. Each Unit consists of one Common Share and one Common Share\n Purchase Warrant. Each Warrant is exercisable into one additional\n Common Share for a period of 18 months after the closing at a price of\n $.10 per Common Share. The securities issued in connection with the\n Offering will be subject to a four month hold period that expires on\n March18, 2011. \n\n\nFinders acting in connection with the Offering received aggregate fees\n of Cdn$40,285 and 617,417 finder's warrants, with each finder's warrant\n entitling the holder to purchase one Common Share at an exercise price\n of $0.10 per Common Share for a period of 18 months after the closing.\n\n\nThe Company intends to use the proceeds from the Offering to fund\n exploration of the Company's Doade-Presqueira Tin, Tantalum and Lithium\n project in Spain in addition ...