Solium Capital Inc.
TSX : SUM

Solium Capital Inc.

November 15, 2010 19:07 ET

Solium Capital Inc. Completes Private Placement

CALGARY, ALBERTA--(Marketwire - Nov. 15, 2010) - Solium Capital Inc. ("Solium") (TSX:SUM), a leading provider of equity-based incentive and savings plans administration services, is pleased to announce that it has completed the previously announced non-brokered private placement to certain insiders of 2,188,206 common shares at a price of $1.50 per share for gross aggregate proceeds of $3,282,309. The common shares will be subject to a four month hold period from the date of closing.

The net proceeds from the financing will be used for general corporate purposes and for investing in growth opportunities.

About Solium Capital Inc.

Solium Capital Inc. (TSX:SUM) specializes in the administration and execution of equity-based incentive and savings plans and is setting the industry standard for service excellence, industry knowledge and innovative technical leadership. Solium's technology platform, Shareworks, is a leading online solution that integrates the management of multiple equity plan types including stock options, share units, and employee share purchase plans on one comprehensive platform.

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