April 4, 2011 (Investorideas.com mining stocks newswire) - www.InvestorIdeas.com, a leader in investor research in multiple sectors including gold and mining stocks publishes the following corporate update issued by Soltera Mining Corp. (OTCPK:SLTA, FRANKFURT: SN7).
Soltera Mining Corp. (OTCPK:SLTA, FRANKFURT: SN7). CORPORATE UPDATE
Soltera Mining Corp. (SLTA) has filed an 8K with the SEC regarding further funds coming to the Company from Goldlake Italia S.p.A.
Read the filing in full here: http://1.usa.gov/egfwSN
Summary of 8K:
On March 15, 2011, the Board of Directors authorized the issuance of 999,550 restricted units at a subscription price of $0.10 per restricted unit pursuant to the terms and conditions of the Financing Agreement with Goldlake Italia S.p.A. Each restricted unit consisted of one restricted shares of common stock in the capital of Soltera and one non-transferable share purchase warrants. Each restricted whole warrant enabled the holder to purchase two additional restricted shares of common stock in the capital of Soltera at a price of $0.15 per restricted share for a period of two years exercisable from September 15, 2011 to March 14, 2013.
Goldlake still have the option of exercising the balance of US$900,000 under the terms of the Financing Agreement signed on June 9, 2010.
Concerning the sampling program of late last year, the surface rock chip and channel samples were initially prepared in the field and then sent to an internationally recognized Australian/Canadian laboratory in December with operative office also in Argentina. At the laboratory, they were divided into groups and split into different sieve size fractions, with some fractions being crushed and ground. All the fractions will be analyzed with a view to optimizing processing plant configuration. Some analyses are being carried out at a laboratory in Peru and some at a specialized laboratory in Canada. This whole process has to be done with care and takes longer than standard gold assays.
Fabio MontanariPresident & CEOSoltera Mining Corp.phone: 1-888-768-5552
Safe Harbor Statement: Certain statements contained herein are "forward-looking" statements (as such term is defined in the Private Securities Reform Act of 1995). Because such statements include risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Information or opinions in this document are presented solely for informative purposes and are not intended nor should be construed as investment advice. We encourage you to carefully review the Company with your investment advisor and verify any information that is important to your investment decision.
Investors can view the mining company profile for Soltera Mining Corp. at http://www.investorideas.com/CO/SLTA/
Soltera Mining Corp. (OTCPK: SLTA) is a gold exploration company concentrating on its large-scale El Torno Gold Project in the Province of Jujuy in north-west Argentina. Soltera is an unusual exploration company in the sense that it is following two distinct lines of action: the first is to explore potentially large vein and dispersed gold deposits that occur within the 78 km2 title area; while the second is to develop the easily exploited and substantial surficial gold deposits that have formed by weathering of the underlying gold-bearing bed rocks.
Visit the company website at http://www.solteramining.com/
Request news and stock alerts from Soltera Mining Corp. http://www.investorideas.com/Resources/Newsletter.asp
About our Mining Portals:
www.Gold-MiningStocks.com and www.MiningSectorStocks.com are research portals within the InvestorIdeas.com content umbrella, featuring industry and stock news, exclusive articles and financial columnists, audio interviews and podcasts, investor conferences, blogs, and a directory of over 1300 mining stocks.
Research Mining stocks with the Investor Ideas Mining stocks Directory
Disclaimer: The following company profile release for Soltera Mining is a paid for submission as a showcase companies (five hundred per month) Our sites do not make recommendations. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. We attempt to research thoroughly, but we offer no guarantees as to the accuracy of information presented. All Information relating to featured companies is sourced from public documents and/ or the company and is not the opinion of our web sites. This site is currently compensated by featured companies, news submissions, company profile submissions and online advertising.
For Additional Information about Investorideas.com mining portals and becoming a showcase stock:
800-665-0411 - [email protected]
Source - Investorideas.com
Disclosure: SLTA is a paid advertising client on Investorideas.com and our mining portals.
Visit the SLTA showcase profile at Investorideas.comRequest News and Info on SLTA
InvestorIdeas.com is a leader in investor stock research by sectors. Sectors we cover include; water stocks, gold and mining stocks, China stocks, oil and gas stocks, renewable energy stocks, coal stocks, tech stocks, biotech stocks, defense stocks, nanotech, agriculture and gaming.
Follow Investorideas.com on Twitter http://twitter.com/#!/Investorideas
Follow Investorideas.com on Facebook http://www.facebook.com/Investorideas