SLT-v...in the news:
Solitaire increases proposed financing to $217,700
Thu 9 Jan 2003
News Release
Mr. Charles Desjardins reports
SOLITAIRE INCREASES PRIVATE PLACEMENT
Solitaire Minerals has, subject to TSX Venture Exchange approval, increased
the private placement reported in Stockwatch on Dec. 31, 2002.
The non-brokered private placement has been increased up to 2,177,000 units
of the company at a price of 10 cents per unit. Of the 2,177,000 units
offered, 1,677,000 units will be issued on a flow-through basis at a price
of 10 cents per unit. Each flow-through unit will consist of one
flow-through common share and one non-transferable share purchase warrant
entitling the holder to purchase one non-flow-through common share of the
company at a price of 15 cents per share for a one-year period from the
date of issuance.
Up to 500,000 non-flow-through units offered will be issued at a price of
10 cents per unit. Each non-flow-through unit will consist of one
non-flow-through common share and one non-transferable share purchase
warrant, exercisable at a price of 15 cents per share for a one-year period
from the date of issuance. The flow-through proceeds of the private
placement will be used for exploration of the company's mining properties
in the Red Lake gold camp of Northwestern Ontario, and the non-flow-through
proceeds will be used for general working capital. A finder's fee may be
payable in accordance with the policies of the TSX-V. |
