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Solimar Energy Limited has reported that, subject to TSXV approval, it intends to complete a non-brokered private placement for aggregate gross proceeds of up to $500,000 via the issuance of Units (each Unit will be comprised of one common share and one warrant) at a price of $0.015 per Unit.
Each warrant will allow the holder to purchase one common share of the Company at a price of $0.05 for the first 12 month period following closing and at a price of $0.10 for the second 12 month period following closing.
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