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| Home : Solimar Announces Private Placement and Extension of Debenture Maturity Date |
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Feb 01
2014 |
Solimar Announces Private Placement and Extension of Debenture Maturity Date |
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MELBOURNE, AUSTRALIA--(Marketwired - Jan. 31, 2014) - Solimar Energy Limited ("Solimar" or the "Company") (ASX:SXS)(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 C$2,000,000 via the issuance of Units at a price of C$0.065 per Unit. Each Unit will be comprised of one common share and one half of one right. Each right will entitle the holder to acquire one warrant upon shareholder approval of the conversion of the rights to warrants. Assuming shareholder approval is obtained, each warrant will allow the holder to purchase one common share of the Company at a price of C$0.065 for a 24 month period following closing. |
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| Source:http://www.marketwired.com/mw/release.do?id=1874693&sourceType=3 |
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