Solid Resources Ltd. (TSXV:SRW,FWB:YRS) announced a non-brokered private placement consisting of up to 5,000,000 common shares, at $0.10 a unit, for a total of up to $500,000.
As quoted in the press release:
Each Unit will consist of one (1) common share in the capital of Solid and one common share purchase warrant (a “Warrant”). 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. $500,000 for a total of up to 5,000,000 common shares.
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