Solid Resources Completes Private Placement

Solid Resources Ltd. (TSXV:SRW,OTCQX:SLDRF,FWB:YRS) announced the completion of the second tranche of its previously announced non-brokered private placement for a total of 3,975,000 units representing gross proceeds of $318,000.

As quoted in the press release:

Each unit consists of one share and one share purchase warrant, with each warrant exercisable to acquire an additional share until April 22, 2015. The warrants are subject to an accelerated expiry stating that if at any time, after the standard 4 month hold period, the closing price of the Company’s common shares on the TSX Venture Exchange exceeds $0.25 for any 20 consecutive trading days, the warrant holder will be given notice that the warrants will expire 30 days following the date of such notice.

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