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SRW Iberian Minerals Ltd.

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Share Name Share Symbol Market Type
Iberian Minerals Ltd. TSXV:SRW TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Solid Resources Completes Non Brokered Private Placement

20/02/2014 5:58pm

Marketwired Canada


Solid Resources Ltd. ("Solid" or the "Company") (TSX VENTURE:SRW) is pleased to
announce the successful completion of its non-brokered private placement
previously announced on February 19, 2014 for a total of 4,250,000 common shares
in the capital of the Corporation ("Common Shares") representing gross proceeds
of $425,000. The Offering did not include any share purchase warrants.


The securities issued in connection with the Offering will be subject to a four
month hold period that expires on June 21, 2014.


Octant Capital Group of the U.K. will receive a finder's fee equal to $21,250 in
cash representing 5% of the $425,000 gross proceeds.


The closing of the private placement is subject to all required regulatory
approvals, including the acceptance of the TSX Venture Exchange.


The Company intends to use the net proceeds from the Offering to work with its
United Kingdom based advisers in evaluating the suitability of alternative
trading markets and begin the listing process if found to be strategically
beneficial. The objective would be to provide the Company better access to new
and existing sources of capital and offer the Company greater flexibility and
opportunities to fund its aggressive growth plans for both the Cehegin Iron Ore
and Alberta-1 tin/tantalum Spanish projects.


Solid Resources is a Canadian junior mining company focused in Spain on the
exploration and development of rare and industrial metals. The Company is
currently studying the re-opening of the Cehegin iron ore mine in south-eastern
Spain and is applying for an exploitation permit on its Alberta-1 tantalum/tin
and lithium property in north-western Spain.


Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Solid Resources Ltd.
Greg Pendura
President & CEO
(780) 800-0726
www.solidresources.com

1 Year Iberian Minerals Ltd. Chart

1 Year Iberian Minerals Ltd. Chart

1 Month Iberian Minerals Ltd. Chart

1 Month Iberian Minerals Ltd. Chart