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| Home : Solara Exploration and Verity Energy Revise Private Placement to Include $3 Million of CDE Flow-Through Subscription Receipts |
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Nov 08
2012 |
Solara Exploration and Verity Energy Revise Private Placement to Include $3 Million of CDE Flow-Through Subscription Receipts |
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CALGARY, ALBERTA--(Marketwire - Nov. 7, 2012) - Solara Exploration Ltd. (TSX VENTURE:SAA.A) ("Solara") and Verity Energy Ltd. ("Verity") advise that they have entered into an amendment to their Agency Agreement with a syndicate of agents lead by Burgeonvest Bick Securities Limited along with Octagon Capital Corp. and Global Securities Corp. Solara and Verity have agreed with the syndicate to amend their previously announced Private Placement by adding $3 million of Flow- Through Subscription Receipts. The amendment provides for the issuance of up to 8,472,183 Flow-Through Subscription Receipts at $0.3541 per Receipt. Each Flow-Through Subscription Receipt will be comprised of a Common Share of Verity/Corso and have Flow-Through entitlements under the Income Tax Act (Canada), whereby Verity/Corso agrees to renounce Canadian Development Expense to subscribers effective as of December 31, 2012 in accordance with the Act. The minimum subscription amount will be $5,000. |
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| Source:http://www.marketwire.com/mw/release.do?id=1722952&sourceType=3 |
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