Still churning paperVANCOUVER, BRITISH COLUMBIA – June 22, 2011 – Soho Resources Corp. (TSX Venture - SOH) (“Soho” or the “Company”)announces that it has arranged a non-brokered private placement of upto 15,000,000 units of the Company. Each unit is priced at
.10 perunit, resulting in gross proceeds of up to $1,500,000. Each unit iscomprised of one common share of the Company and one half of a two yeartransferable share purchase warrant. Each one whole share purchasewarrant entitles the holder thereof to purchase one additional commonshare of the Company at
.13 within one year of its date of issuanceand then
.175 within the second year after its date of issuance. TheCompany also reserves an overallotment option of up to 3,750,000 units,being 25% of the offering.
Finder’s fees calculated in accordance with TSX Venture Exchange guidelines are payable on portions of the placement.
Allsecurities issued under the non-brokered private placement are subjectto a hold period expiring four months and one day after the closingdate. Closing of the Private Placement is subject to approval of the TSXVenture Exchange.