Solitaire Minerals Corp. Announces Private Placement
June 15 2010 - 3:11PM
Marketwired
Solitaire Minerals Corporation (Solitaire) (TSX VENTURE: SLT) would
like to announce that it has arranged a non-brokered private
placement of up to 10,000,000 units at a price of $0.05 per unit
for total proceeds of up to $500,000 subject to the approval of the
TSX Venture Exchange.
Up to 4,000,000 units will be issued as non flow-through units
consisting of one common share and one full warrant. One full
warrant will entitle the holder to purchase one additional common
share of the Company at a price of $0.10 per share for a period of
two years.
Up to 6,000,000 units will be issued as flow-through units
consisting of one common share and one half (1/2) share purchase
warrant, one full warrant will entitle the holder to purchase one
additional common share of the Company at a price of $0.10 per
share for a period of two years.
The proceeds of the private placement will be used for
exploration work on the Company's mineral properties and general
working capital.
About Solitaire Minerals Corp.
Solitaire Minerals Corp. (TSX VENTURE: SLT) is a diversified
Junior Canadian Mineral Exploration Company with a specific focus
on precious and base metal properties in North America. In
addition, the Company intends to acquire Metallurgical coal leases.
Solitaire continues to negotiate for coal leases with near and long
term production potential.
For additional information please contact Solitaire Minerals
Corp. or visit www.solitaireminerals.com.
On Behalf of the Board of Directors
SOLITAIRE MINERALS CORP.
Charles Desjardins, President and Director
Cautionary note:
This report contains forward looking statements. Resource
estimates, unless specifically noted, are considered speculative.
Any and all other resource or reserve estimates are historical in
nature, and should not be relied upon. By their nature, forward
looking statements involve risk and uncertainties because they
relate to events and depend on factors that will or may occur in
the future. Actual results may vary depending upon exploration
activities, industry production, commodity demand and pricing,
currency exchange rates, and, but not limited to, general economic
factors. Cautionary Note to US investors: The U.S. Securities and
Exchange Commission specifically prohibits the use of certain
terms, such as "reserves" unless such figures are based upon actual
production or formation tests and can be shown to be economically
and legally producible under existing economic and operating
conditions.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Contacts: Solitaire Minerals Corp. Charles Desjardins President
and Director 604-683-5445 604-687-9631 (FAX)
info@solitaireminerals.com www.solitaireminerals.com
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