Soldi Ventures Inc.
TSX VENTURE : SOV

Soldi Ventures Inc.

December 02, 2010 17:48 ET

Soldi Ventures Inc. Announces Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 2, 2010) - Soldi Ventures Inc. (Soldi) (TSX VENTURE:SOV) reports that it has arranged a non-brokered private placement to raise up to $295,000 by issuing both non flow-through units and flow-through units subject to the approval of the TSX Venture Exchange. 

Up to 500,000 flow-through units will be sold at a price of $0.35 and will be issued as units consisting of one common share and one half (1/2) non-transferable share purchase warrant. One non-transferable share purchase warrant will entitle the holder to purchase one common share of the Company for a period of 24 months from the closing date of the Offering at an exercise price of $0.45 per common share.

Up to 400,000 non flow-through units will be sold at a price of $0.30 and will be issued as units consisting of one common share and one non-transferable share purchase warrant. One non-transferable share purchase warrant will entitle the holder to purchase one additional common share of the Company at a price of $0.40 per common share for a period of 24 months from the closing date of the Offering.

The previous private placement announced with MGI Securities on November 22, 2010 will proceed as planned. The Company has arranged for this private placement, in order to begin the airborne VTEM® time-domain electromagnetic and magnetic survey and to also place a deposit on the upcoming overburden drilling for the company's properties in the Rainy River-Cameron Lake area in northwest Ontario. Proceeds of the private placement will also be used for the Company's general working capital.

To receive news and information directly please visit the following link: http://www.soldiventuresinc.com/contact/.

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.

On behalf of the board of SOLDI VENTURES INC.

Charles Desjardins, President 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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