Solomon Resources, is pleased to announce the following corporate developments: Solomon proposes to consolidate its share capital on the basis of one (1) new common share of the Company, for every ten (10) existing common shares. The Consolidation is subject to the approval of the TSX Venture Exchange and Solomon's shareholders, said approval to be sought at the upcoming Special Meeting to be held on Monday, September 22 [...]
Solomon Resources, is pleased to advise further to its news release of March 21, 2014, it has received TSX Venture Exchange approval on the option to acquire from Helio Resource up to a 60% interest in Helio’s Damara Gold Project (DGP) in Namibia in two stages. Consideration for the option includes the aggregate issuance of 15,000,000 common shares of Solomon and exploration work expenditures of $1,500,000 over a three [...]
Solomon Resources, is pleased to announce the appointment of William Lindqvist as a Director of the Company. Dr. Lindqvist possesses more than thirty-five years of international exploration experience, and has participated in gold discoveries across a broad spectrum of geologic terrains. Dr. Lindqvist is presently a director of Luna Gold Corp, Andean Gold Ltd, and Canada Coal Inc. In the past, he served as the Vice [...]
Helio Resource and Solomon Resources are pleased to report the companies have entered into a Letter of Intent, whereby Solomon can earn up to a 60% interest in Helio's Damara Gold and Tin Project in Namibia. Subject to TSX Venture Exchange approval, the principal terms of the two-stage agreement are as follows: Stage 1 (to earn a 51% interest)
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