Sola Resource Corp. (TSX-V: SL) (Pink Sheets: SORSF) has begun a private placement of up to 3,000,000 units at $0.05 per Unit for aggregate proceeds of Cdn$150,000.00 in its capital. Each unit will contain 1 common share and 1 non-transferable share purchase warrant. Each warrant enables its holder to purchase 1 common share for Cdn$0.10, for a period of 60 months from the date of issuance.
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Sola Resource Corp. is engaged in acquiring, exploring and developing mineral properties in Brazil and Canada. On March 23, 2009, the Company signed an option agreement with Abora Participacões Ltda. and Acara Participacoes Ltda., pursuant to which the Company has an option to acquire an 80% interest in a manganese mineral property comprising approximately 3,274.97 hectares located in the state of Rondonia, Brazil.
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