Now lets see the results & get the show on the road!
Dear Sir/Mme,
Please be advised that Soltera Mining Corp. (SLTA) has today filed an 8K with the SEC regarding further funds coming to the Company from Goldlake Italia S.p.A.
Read the filing in full here: https://1.usa.gov/egfwSN
Summary of 8K:
On March 15, 2011, the Board of Directors authorized the issuance of 999,550 restricted units at a subscription price of
.10 per restricted unit pursuant to the terms and conditions of the Financing Agreement with Goldlake Italia S.p.A. Each restricted unit consisted of one restricted shares of common stock in the capital of Soltera and one non-transferable share purchase warrants. Each restricted whole warrant enabled the holder to purchase two additional restricted shares of common stock in the capital of Soltera at a price of
.15 per restricted share for a period of two years exercisable from September 15, 2011 to March 14, 2013.
Goldlake still have the option of excercising the balance of US$900,000 under the terms of the Financing Agreement signed on June 9, 2010.
Concerning the sampling program of late last year, the surface rock chip and channel samples were initially prepared in the field and then sent to an internationally recognised Australian/Canadian laboratory in December with operative office also in Argentina. At the laboratory, they were divided into groups and split into different sieve size fractions, with some fractions being crushed and ground. All the fractions will be analyzed with a view to optimizing processing plant configuration. Some analyses are being carried out at a laboratory in Peru and some at a specialised laboratory in Canada. This whole process has to be done with care and takes longer than standard gold assays.
From Jujuy, Argentina,
Fabio Montanari
President & CEO
Soltera Mining Corp.info@solteramining.com
www.solteramining.com