Soldi Ventures Inc.

Soldi Ventures Inc.

November 22, 2010 09:02 ET

Soldi Ventures Inc. Announces Brokered Private Placement With MGI Securities

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 22, 2010) - Soldi Ventures Inc. (the "Company") (Soldi) (TSX VENTURE:SOV) is pleased to announce that it has arranged a brokered private placement with MGI Securities Inc. ("MGI") of Toronto (the "Offering"). The Offering will consist of up to 2,500,000 flow-through units (the "Flow-Through Units") at a price of $0.35 per Flow-Through Unit for gross proceeds of up to $875,000 and up to 2,100,000 non flow-through units (the "Hard Dollar Units") at a price of $0.30 per Hard Dollar Unit for gross proceeds of up to $630,000.

Each Flow-Through Unit will consist of one common share (a "Flow-Through Share") which qualifies as a "flow-through share" for tax purposes of the Income Tax Act (Canada), and one-half of one common share purchase warrant (a "FT Warrant"). Each whole FT Warrant will entitle the holder thereof to purchase one non flow-through common share for a period of 24 months from the closing date of the Offering at an exercise price of $0.45 per common share.

Each Hard Dollar Unit will consist of one common share and one-half of one common share purchase warrant (a "NFT Warrant"). Each whole NFT Warrant shall be exercisable into one common share at a price of $0.40 per common share for a period of 24 months from the closing date of the Offering.

The proceeds of the private placement will be used for exploration work on the Company's mineral properties and general working capital.

MGI will receive a cash commission of 10% of the total gross proceeds raised and compensation warrants equal to 10% of Flow-Through and Hard Dollar Units sold pursuant to the Offering. Each Hard Dollar compensation warrant will entitle MGI to acquire one Hard Dollar Unit of the company, and each Flow-Through compensation warrant will entitle MGI to acquire one Flow-Through Unit of the Company, on the same terms and conditions as the respective private placements.

About MGI Securities Inc.

MGI is an integrated Canadian investment dealer offering professional wealth management solutions for individual investors, a comprehensive range of specialized services for institutional investors, and corporate finance advisory services for issuers, including mergers and acquisitions, equity underwritings, corporate restructuring, structured financings, market research, and business valuation services. MGI is based in Toronto, with additional offices in Winnipeg, Saskatoon, Calgary and London, Ontario. MGI is a member of IIROC and is a subsidiary of Jovian Capital Corporation (TSX:JOV). MGI has approximately $1.3 billion in client assets under administration.

Soldi Ventures Inc. (TSX VENTURE:SOV) is a Canadian Exploration Company focused on discovering world class gold deposits in politically safe jurisdictions. In light of the Rainy River gold discovery and others in the area, the Rainy River gold belt will be a high priority for the Company's exploration efforts.

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On behalf of the board of SOLDI VENTURES INC.

Charles Desjardins, President, CEO, CFO, Secretary and Director

Cautionary note:

This report contains forward looking statements. Resource estimates, unless specifically noted, are considered speculative. Any and all other resource or reserve estimates are historical in nature, and should not be relied upon. The production rate and mine-life projections have been made without support of a feasibility study, there is no certainty the proposed operations will be economically viable. By their nature, forward looking statements involve risk and uncertainties because they relate to events and depend on factors that will or may occur in the future. Actual results may vary depending upon exploration activities, industry production, commodity demand and pricing, currency exchange rates, and, but not limited to, general economic factors. Cautionary Note to US investors: The U.S. Securities and Exchange Commission specifically prohibits the use of certain terms, such as "reserves" unless such figures are based upon actual production or formation tests and can be shown to be economically and legally producible under existing economic and operating conditions.

"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."

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