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CALGARY, ALBERTA - Solium Capital Inc. ("Solium") is pleased to announce that it has completed a $515,000 private placement of 1,287,500 common shares issued at $0.40 per share. The common shares issued in connection with the private placement offering are subject to a hold period of 12 months under applicable securities laws. The private placement ($515,000), in combination with the exercise of warrants ($650,000) and stock options ($38,695) by holders thereof, brings the total new capital to the corporation in the past 10 days to $1,203,695. The entire proceeds will be used for working capital requirements. About Solium Capital Inc. (SUM-TSX Venture Exchange): Solium is a specialist in the administration of equity-based incentive and savings programs. Solium's E-SOAP application automates the administration, execution and reporting of equity-based incentive plans for Canadian public companies and their employees. In early 2004, Solium is launching its Share Purchase application to expand its suite of web-based and real-time services to the share purchase plan marketplace. -30 - FOR FURTHER INFORMATION PLEASE CONTACT:
Solium Capital Inc. The TSX Venture Exchange has neither approved nor disapproved the information contained herein.
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