EDMONTON, Feb. 9 /CNW/ - Solid Resources Ltd. ("Solid") announces that it has closed a private placement of 8,100,000 Units at a price of $.10 per Unit for total gross proceeds of $810,000.00. Each unit consists of one Common Share and one Common Share Purchase Warrant. Each Warrant is exercisable for a period of 12 months at a price of $.20 if exercised prior to the expiry of the warrant. The common shares of Solid acquired pursuant to this private placement are subject to a four month hold period which will expire in June, 2010.
This transaction is subject to the approval of the TSX Venture Exchange.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE Solid Resources Ltd.
For further information: For further information: Mr. Garnet Harter, Tel: (780) 416-7525, firstname.lastname@example.org