VANCOUVER, BRITISH COLUMBIA--(Marketwired - April 19, 2013) - Ernesto Echavarria (the "Acquiror") wishes to announce that on April 18th, 2013, he acquired, through the facilities of the TSX Venture Exchange, ownership and control of 2,656,500 common shares ("Common Shares") of Soltoro Ltd. (the "Company") at an average price of $0.2175 per Common Share.
The 2,656,500 Common Shares acquired by the Acquiror (the "Transaction") represent approximately 4.44% of the issued and outstanding Common Shares of the Company. Immediately following the Transaction, the Acquiror now owns and controls 8,626,200 Common Shares of the Company, representing approximately 14.43% of the issued and outstanding Common Shares of the Company.
The Acquiror acquired the Common Shares pursuant to the Transaction for investment purposes. The Acquiror has no present intention to acquire ownership of, or control over, additional securities of the Company, but may choose to acquire additional securities of the Company in the future for investment purposes.
This news release is being issued pursuant to Part 3 of National Instrument 62-103 The Early Warning System and Related Take-Over Bid and Insider Reporting Issues of the Canadian Securities Administrators. A copy of the report filed by the Acquiror in connection with the acquisition of the Common Shares is available on the Company's SEDAR profile, and it can also be obtained directly from the Acquiror by contacting him at the number shown above.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.