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Strategies & Market Trends : Ride the Tiger with CD

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From: Boolish	7/21/2011 4:38:43 PM
	Read Replies (2) of 313075

SOL....I was looking for a silver drill play. Took a start here today near the close at 1.25. I don't see any underlying structure issues. Excellent results on drilling today. Already a 43101 for 58 million ounces M&I...todays drilling results on an entirely new zone. Big Euro following.... DYODD Soltoro completes $4.5-million financing with Coeur 2011-07-19 15:41 ET - News Release Also News Release (C-CDM) Coeur D'Alene Mines Corp (2) Mr. Andrew Thomson reports SOLTORO CLOSES $4.5M FINANCING WITH COEUR D'ALENE MINES Soltoro Ltd. has closed the previously announced non-brokered private placement offering of 4.5 million common shares of Soltoro at $1 a share for total gross proceeds of $4.5-million with Coeur D'Alene Mines Corp. As part of the financing, Coeur D'Alene has been granted a first right of refusal to maintain its current proportionate interest in Soltoro by participating in each of the next two financings undertaken by Soltoro. In addition, Coeur D'Alene has agreed to a standstill, whereby it will not purchase any shares of Soltoro that would result in Coeur D'Alene, together with any affiliates, holding over 9.9 per cent of the issued and outstanding shares of Soltoro, except in accordance with a takeover bid for 100 per cent of the issued and outstanding shares of Soltoro. Upon completion of the financing, Coeur D'Alene held approximately 8.2 per cent of the issued and outstanding shares of Soltoro. The proceeds of the financing will be used for the continued exploration and advancement of Soltoro's El Rayo silver project in Mexico and for general corporate purposes. The common shares issued pursuant to the financing will all be subject to a four-month regulatory hold period from the date of closing. The financing is subject to TSX Venture Exchange acceptance of requisite regulatory filings.

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