Solex Resources Corp. Announces closing of private
placement
March
16, 2010 Vancouver B.C.: Solex Resources Corp. (TSX-V: SOX)
(‘Solex’ or the ‘Company’) is
pleased to announce the closing of the Private Placement referred to in the
News Release dated March 2nd for total proceeds of C$750,000.
A
total of 9,375,000 units priced at C$0.08 were issued. Each unit
comprised one common share and one full share purchase warrant. Each full
share purchase warrant entitles the holder to purchase, for a period of 18
months from the closing of the private placement, one common share at a price
of C$0.15 per share. The proceeds will be used to advance the exploration
and development of Solex?s
uranium projects in the Macusani Plateau region of
Peru and for general corporate purposes. The
underlying shares will be escrowed for a period of 4 months and one day
according to the policies of the TSX Venture Exchange
About Solex Resources Corp.
Solex Resources Corp. is the
dominant landholder in southern Peru's Macusani
Uranium District with concessions covering over 904 km2. The Company
is also exploring its other 100% owned proximal Picotani
uranium project. NI 43-101 reports were filed during 2008 on the Princesa silver, lead and zinc property and on the Pilunani lead and zinc project.
Neither
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.
This
news release may contain forward-looking statements that are based on Solex? expectations, estimates and
projections regarding its business and the economic environment in which it
operates. These statements are not guarantees of future performance and involve
risks and uncertainties that are difficult to control or predict. Therefore,
actual outcomes and results may differ materially from those expressed in these
forward-looking statements and readers should not place undue reliance on such
statements. Statements speak only as of the date on which they are made, and
the Company undertakes no obligation to update them publicly to reflect new
information or the occurrence of future events or circumstances, unless
otherwise required to do so by law.
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FURTHER INFORMATION: