Solitario Resources, (SLR) T. Message Board

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Gold/Mining/Energy : Solitario Resources, (SLR) T.

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To: Bruce Robbins who wrote (19)	2/22/2001 4:59:53 PM
From: russwinter	Read Replies (1) of 38

They are late in phase I and starting into phase II of pretty good activity. Partner has raised the money. Rockwell has entered into a financing agreement with Haywood Securities Inc. to raise $1 million by way of a 1.33 million unit private placement on a best efforts basis. The units priced at $0.75 consist of one common share and one share purchase warrant exercisable at $0.90 into a common share for two years. If Rockwell common shares, after the four month hold period, have a closing price of $1.80 a share or more on the CDNX over any 10 day period, then the warrants will be subject to an accelerated expiry over the next 30 day period. Haywood will receive a 4% compensation warrant to purchase units at $0.75 for a one year period, subject to the same accelerated expiry clause. Closing is anticipated during February 2001 and is subject to ordinary course regulatory approval. This financing will fund the expanded Pedra Branca two-phase exploration program which is in process. The planned program includes property-wide reconnaissance and comprehensive geological mapping, soil and rock geochemical surveys, and diamond drilling.

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