Solitaire Minerals Corp. Increases Financing
December 20 2010 - 5:43PM
Marketwired
Solitaire Minerals Corp. (TSX VENTURE: SLT) (Solitaire) reports
that the non flow-through portion of the private placement
announced on November 30th 2010 has been over-subscribed. In total,
Solitaire has sold 10,160,000 non-flow-through units at a price of
$0.05 and an additional 11,784,285 flow-through units have been
sold at a price of $0.07, pending the approval of the TSX Venture
Exchange.
Each non-flow-through unit consists of one common share and one
transferable share purchase warrant. One transferable share
purchase warrant will entitle the holder to purchase one additional
common share of the Company at a price of $0.10 per share for the
first year and $0.125 per share until expiration on the second
year.
Each flow-through unit consists of one common share and one half
(1/2) transferable share purchase warrant. One transferable share
purchase warrant will entitle the holder to purchase one additional
common share of the Company at a price of $0.10 per share for the
first year and $0.125 per share until expiration on the second
year.
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.
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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