TORONTO, ONTARIO--(Marketwire - Oct. 5, 2012) - Soltoro Ltd. (TSX VENTURE:SOL) reports that on October 3, 2012, subject to regulatory approval, it has granted incentive stock options to directors, officers and consultants to the Company. A total of 1,670,000 options were issued exercisable at a price of $0.54 per share for a period of five years. A total of 300,000 options are subject to a 18 month vesting period whereby 1/6 of the options vest quarterly, the balance of 1,370,000 options granted are exercisable immediately and will be subject to applicable securities law hold periods.
Soltoro is engaged in exploration for bulk tonnage gold and silver deposits in Mexico. Soltoro holds in excess of 55,000 hectares of ground in Jalisco State. Soltoro is focused on expanding silver resources at the El Rayo silver project while seeking partners to advance the balance of its projects. Soltoro holds 14.9% of the common shares of Argentum Silver Corp. and a 3% N.S.R. payable to Soltoro on the Victoria and Coyote properties. Soltoro's La Tortuga project has been optioned to Gold Reserve Inc. Soltoro has 59,408,037 shares outstanding and trades on the TSX Venture Exchange under the symbol SOL. Coeur d'Alene Mines Corp. holds 4.5 million shares of Soltoro Ltd.
This communication to shareholders and the public contains certain forward-looking statements. Actual results may differ materially from those indicated by such statements. All statements, other than statements of historical fact, included herein, including, without limitations statements regarding future production, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements
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.