Soldi Ventures Inc.
TSX VENTURE : SOV

Soldi Ventures Inc.

August 04, 2011 17:35 ET

Soldi Ventures Inc. Announces Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 4, 2011) - Soldi Ventures Inc. (Soldi) (TSX VENTURE:SOV) announces that the TSX Venture Exchange has accepted the non-brokered private placement announced on July 15th 2011 and increased on July 22nd 2011.

A total of 7,430,000 units were issued as non-flow-through units consisting of one common share and one full warrant for total proceeds of CDN $817,300. One full warrant will entitle the holder to purchase one additional common share of the Company at a price of $0.15 per share for the first year and at a price of $0.20 through to completion of the second year.

Shares, warrants and any shares issued upon exercise of the warrants are subject to a hold period of four months expiring Dec 5th 2011. The proceeds of the private placement will be used for general working capital and exploration.

The following pro groups participated in the private placement;

Pro groups: Kerry Chow 800,000 shares; Roberto Chu 280,000; Judy Chu 55,000; Dallas Fahy 100,000; Murray McInnes 80,000.

Finders' fees: $48,400 cash and 440,000 warrants payable to Haywood Securities Inc.; $10,230 cash and 93,000 warrants payable to Canaccord Genuity Corp.; $7,480 cash and 68,000 warrants payable to Service de Marketing The Ask; $2,750 cash and 25,000 warrants payable to Raymond James Ltd.

Terms of Finders' warrants: One finders' warrant will entitle the holder to purchase one additional common share of the Company at a price of $0.11 per share for a period of 2 years.

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

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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