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| Home : Solimar Announces Private Placement |
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Aug 29
2013 |
Solimar Announces Private Placement |
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MELBOURNE, AUSTRALIA--(Marketwired - Aug. 28, 2013) - Further to its July 22, 2013, new release, Solimar Energy Limited ("Solimar" or the "Company") (ASX:SGY)(TSX VENTURE:SXS) is pleased to announce that, subject to TSXV approval, it intends to complete a non-brokered private placement for aggregate gross proceeds of up to $500,000 via the issuance of Units (each Unit will be comprised of one common share and one warrant) at a price of $0.015 per Unit. Each warrant will allow the holder to purchase one common share of the Company at a price of $0.05 for the first 12 month period following closing and at a price of $0.10 for the second 12 month period following closing. |
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| Source:http://www.marketwire.com/mw/release.do?id=1825510&sourceType=3 |
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