Solid closes $190,450.00 private placement
May 29, 2008
EDMONTON, May 29 /CNW/ - Solid Resources Ltd. ("Solid" or the "Company")
announces that it has received regulatory approval to close a $190,450.00
private placement. The private placement consists of one million, two hundred
and sixty-nine thousand, six hundred and sixty seven units consisting of
1,269,667 common shares at a price of $.15 per share and one warrant to
acquire an additional common share at a price of $.20 per share for a period
of one year from the date of issue. In connection with this private placement,
Solid has paid a 6% commission on the funds raised. The common shares of Solid
acquired pursuant to this private placement are subject to a four month hold
period which will expire on September 30, 2008.
-------------------------------------------------------------------------
Certain statements contained in this press release, including statements
which are related to exploration activity and future prospects and
profitability and which may contain words such as "could", "should", "expect",
"believe", "will" and similar expressions and statements relating to matters
that are not historical facts are forward-looking statements. Such
forward-looking statements involve known and unknown risks and uncertainties
which may cause the actual results, performances and/or achievements of Solid
to be materially different from any future results, performances or
achievements expressed or implied by such forward-looking statements. Such
factors include fluctuations in the market conditions and prices of tantalum,
lithium, tin, silver and other metals and related products and services;
competition; political and economic conditions in countries in which Solid
does business; changes in laws and regulations, including environmental
regulations, to which Solid is subject, and other factors which are described
in further detail in Solid's filings with the Canadian Securities Regulators.
The TSX Venture Exchange has not reviewed or approved this press release,
and the Exchange does not accept responsibility for the adequacy or the
accuracy of this release.
For further information: Garnet Harter, Interim President, (780) 416-7525, This e-mail address is being protected from spambots. You need JavaScript enabled to view it