Solid Resources Closes Private Placement for $1,100,000

Solid Resources Ltd.(TSXV:SRW) announced the closing of a private placement for gross proceeds of approximately $1.1 million. The proceeds from the placement will be used for project development in Spain.

As quoted in the press release:

Finders acting in connection with the Offering received aggregate fees of Cdn $52,850 and 525,000 finder’s warrants, with each finder’s warrant entitling the holder to purchase one Common Share at an exercise price of $0.15 per Common Share for a period of 24 months after the closing and are subject to the early termination clause as outlined in the previous paragraph.

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