RE: what was sp of pp? didnt know about itSoldi Ventures Inc. Announces Brokered Private Placement With MGI Securities
11/22/2010 9:00:05 AM - Market Wire
VANCOUVER, BRITISH COLUMBIA, Nov 22, 2010 (Marketwire via COMTEX News Network) --
Soldi Ventures Inc. (the "Company") (Soldi) (TSX VENTURE:SOV) is pleased to announce that it has arranged a brokered private placement with MGI Securities Inc. ("MGI") of Toronto (the "Offering"). The Offering will consist of up to 2,500,000 flow-through units (the "Flow-Through Units") at a price of
.35 per Flow-Through Unit for gross proceeds of up to $875,000 and up to 2,100,000 non flow-through units (the "Hard Dollar Units") at a price of
.30 per Hard Dollar Unit for gross proceeds of up to $630,000.
Each Flow-Through Unit will consist of one common share (a "Flow-Through Share") which qualifies as a "flow-through share" for tax purposes of the Income Tax Act (Canada), and one-half of one common share purchase warrant (a "FT Warrant"). Each whole FT Warrant will entitle the holder thereof to purchase one non flow-through common share for a period of 24 months from the closing date of the Offering at an exercise price of
.45 per common share.
Each Hard Dollar Unit will consist of one common share and one-half of one common share purchase warrant (a "NFT Warrant"). Each whole NFT Warrant shall be exercisable into one common share at a price of
.40 per common share for a period of 24 months from the closing date of the Offering.