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MELBOURNE, AUSTRALIA--(Marketwired - Feb. 20, 2014) - Solimar Energy Limited ("Solimar" or the "Company") (ASX:SXS)(TSX VENTURE:SXS) is pleased to announce that, further to its previous announcements dated January 31, 2014 and February 3, 2014 concerning a non-brokered placement, it has issued a total of 9,335,385 units ("Units") at a price of C$0.065 per Unit for aggregate gross proceeds of $606,800 (the "Offering"). Each Unit is comprised of one (1) ordinary share of Solimar ("Share") and one half of one (0.5) right ("Right"). Each Right, upon receipt of approval by the shareholders of Solimar, entitles the holder to receive one warrant ("Warrant") to purchase one (1) Share at an exercise price of $0.065 for a 24 month period following closing. |
