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Solid Resources Ltd. (TSXV:SRW,OTCQX:SLDRF,FWB:YRS) announced that it intends to proceed with a private placement offering of units at a subscription price of Cdn $0.10 per Unit.
As quoted in the press release:
The Company is anticipating the results of a metallurgical study during Q4 2011 from SGS in the United Kingdom, based on the recently completed 2011 drill program on the Alberta-1(Doade-Presqueiras) rare metal property in Spain. The use of proceeds will be to further enhance our knowledge of the mineralized pegmatite dykes containing tantalum, tin, lithium and niobium.
Click here to read the Solid Resources Ltd. (TSXV:SRW,OTCQX:SLDRF,FWB:YRS) press release
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