Solid Resources Announce Completion of First Tranche of Private Placement for $307,000

Solid Resources Ltd. (TSXV:SRW) announced the closing of the first tranche of its previously announced private placement. Solid intends to use the proceeds to fund exploration at its Albert-1 tin, tantalum and lithium project and its Cehegin iron ore concessions in Spain.

As quoted in the press release:

The Company has sold 3,837,500 units for total gross proceeds of $307,000 pursuant to the first tranche. The securities issued pursuant to the first tranche are subject to a four month hold period from the date of closing and the warrants are exercisable to acquire an additional common share at a price of $0.15 until March 22, 2015.

Click here to read the Solid Resources Ltd. (TSXV:SRW) press release

Click here to see the Solid Resources Ltd. (TSXV:SRW) profile