Solid Resources to Proceed with Non-Brokered Private Placement

Solid Resources Ltd.(TSXV:SRW) announced its latest non-brokered private placement. The placement will raise gross proceeds of up to $1,100,000 from the sale of approximately 11,000,000 common shares.

As quoted in the press release:

Each Warrant will entitle the holder thereof to purchase one common share in the capital of Solid at a price of Cdn. $0.15 until the date that is twenty-four (24) months from the initial Closing Date. The amount to be raised under the private placement is up to Cdn. $1,100,000 for a total of up to 11,000,000 common shares.

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