|
FOR: SOLIUM CAPITAL INC. CDNX SYMBOL: SUM
Solium Announces Additional Private Placement MAY 23, 2002 Solium Announces Additional Private Placement CALGARY, ALBERTA--Solium Capital Inc. ("Solium") announced today the terms of an equity financing to be issued through private placement. Solium will issue between a minimum of 650,000 and a maximum of 2,000,000 common shares from treasury at a price of $0.20 per common share for total gross proceeds of between $130,000 to $400,000. The Company has already received a commitment for the subscription of $130,000. The Company proposes to complete the financing by way of a non-brokered private placement. The closing for the financing is expected to occur before the end of June 2002. The proposed private placement remains subject to Solium filing formal notice with the TSX Venture Exchange and receipt of regulatory approval. About Solium Capital Inc. (SUM - TSX Venture Exchange): Solium is an outsourced provider of solutions for employee share ownership entitlement programs. Solium's flagship application, e-SOAP, is a complete end-to-end solution for the administration, execution and reporting of employee stock options for Canadian public companies. -30 - FOR FURTHER INFORMATION PLEASE CONTACT:
Solium Capital Inc. The TSX Venture Exchange has neither approved nor disapproved the information contained herein.
INDUSTRY: SCR -0 - |
