/NOT FOR DISSEMINATION IN THE
UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES
AND DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES DESCRIBED
HEREIN./
TORONTO, Aug. 30, 2013 /CNW/ - Solid Gold Resources
Corp. ("Solid Gold") (TSXV: SLD) is pleased to announce a
non-brokered private placement (the "Offering") pursuant to
which it proposes to raise gross proceeds of up to $500,000 through the issuance of common shares in
the capital of Solid Gold at a price of $0.01 per share. All securities issued pursuant
to the Offering will be subject to a four-month hold period.
Finders' fees may be payable to eligible persons with respect to
the Offering and will be subject to regulatory approval. The net
proceeds from the Offering will be used for working capital.
Closing of the Offering is subject to approval of the TSX Venture
Exchange.
Accordingly, the Offering replaces the proposed
private placement of up to $35,000 at
$0.02 per share announced on
June 4, 2013.
Business of Solid Gold Resources
Corp.
Solid Gold is a junior mining exploration and
development company, which controls a +/-200-square-kilometer
prospect hosting potential for discovery of economic mineralization
at Lake Abitibi near the Porcupine Fault zone in Northern Ontario.
The information in this news release includes
certain information and statements about management's view of
future events, expectations, plans and prospects that constitute
forward looking statements. These statements are based upon
assumptions that are subject to significant risks and
uncertainties. Because of these risks and uncertainties and as a
result of a variety of factors, the actual results, expectations,
achievements or performance may differ materially from those
anticipated and indicated by these forward looking statements.
Although Solid Gold believes that the expectations reflected in
forward looking statements are reasonable, it can give no
assurances that the expectations of any forward looking statements
will prove to be correct. Except as required by law, Solid Gold
disclaims any intention and assumes no obligation to update or
revise any forward looking statements to reflect actual results,
whether as a result of new information, future events, changes in
assumptions, changes in factors affecting such forward looking
statements or otherwise.
Neither 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.
This press release does not constitute and
the subject matter hereof is not, an offer for sale or a
solicitation of an offer to buy, in the
United States or to any "U.S Person" (as such term is
defined in Regulation S under the U.S. Securities Act of 1933, as
amended (the "1933 Act")) of any equity or other securities of
Solid Gold. The securities of Solid Gold have not been registered
under the 1933 Act and may not be offered or sold in the United States (or to a U.S. Person) absent
registration under the 1933 Act or an applicable exemption from the
registration requirements of the 1933 Act.
SOURCE Solid Gold Resources Corp.