Solium News


Jan 25, 2002 6:33PM - Solium Announces Private Placement is Ongoing

FOR: SOLIUM CAPITAL INC.

CDNX SYMBOL: SUM

JANUARY 25, 2002

Solium Announces Private Placement is Ongoing

CALGARY, ALBERTA--Solium Capital Inc. ("Solium") announced today that the private placement previously announced on January 8, 2002 for the issuance of up to 4,000,000 common shares at a price of $0.25 per common share is ongoing.

The proposed private placement remains subject to Solium filing formal notice with the Canadian Venture Exchange and receipt of regulatory approval.

Solium Capital Inc. ( www.solium.com) is an independent full service provider of solutions for the administration and execution of employee share entitlement programs. It currently provides the only end-to-end web-based application in Canada for the administration of stock option plans.

-30 -

FOR FURTHER INFORMATION PLEASE CONTACT:

Solium Capital Inc.
John Kenny
President and CEO
(403) 515 -3910 or (877) 380 -7793
Email: john.kenny@solium.com
or
Solium Capital Inc.
Lynn Leong
Chief Financial Officer
(403) 515 -3910 or (877) 380 -7793
Email: lynn.leong@solium.com
Website: www.solium.com

The Canadian Venture Exchange has neither approved nor disapproved the information contained herein.

INDUSTRY: SCR
SUBJECT: FNC

-0 -