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| Home : Solid Gold Private Placement and Shares for Debt |
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Nov 19
2012 |
Solid Gold Private Placement and Shares for Debt |
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TORONTO, ONTARIO--(Marketwire - Nov. 19, 2012) - Solid Gold Resources Corp. ("Solid Gold") (TSX VENTURE:SLD) is pleased to announce a non-brokered private placement (the "Offering") pursuant to which it proposes to raise gross proceeds of up to $300,000 through the issuance of common share units ("Units") at a price of $0.05 per Unit. Each Unit will consist of one common share ("Common Share") in the capital of Solid Gold and one common share purchase warrant ("Warrant") of Solid Gold. Each Warrant shall entitle the holder thereof to acquire one Common Share at an exercise price of $0.10 per Common Share for a period of two years following the closing of the Offering. All securities issued pursuant to the Offering will be subject to a four-month hold period. Finders' fees may be payable to eligible persons with respect to the Offering and will be subject to regulatory approval. The net proceeds from the Offering will be used for working capital. Closing of the Offering is subject to approval of the TSX Venture Exchange (the "Exchange"). |
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| Source:http://www.marketwire.com/mw/release.do?id=1727976&sourceType=3 |
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