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CALGARY, ALBERTA--Solium Capital Inc. ("Solium") announces its intention to raise between $440,000 and $540,000 by way of a private placement at a price of $0.40 per common share. The issuance of up to 1,350,000 common shares represent 5.3% of the issued and outstanding shares immediately after closing of the proposed private placement. Solium will complete the financing by way of a non-brokered private placement. The closing for the proposed private placement is expected to occur by no later than September 30, 2003. The proceeds from the proposed private placement will be used for working capital requirements. This 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 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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