Soho Resources Corp. Non-Brokered Private Placement
Soho Resources Corp. announces that it has arranged a non-brokered private placement of up to 15,000,000 units of the Company. Each unit is priced at $0.10 per unit, resulting in gross proceeds of up to $1,500,000. Each unit is comprised of one common share of the Company and one half of a two year transferable share purchase warrant. Each one whole share purchase warrant entitles the holder thereof to purchase one additional common share of the Company at $0.13 within one year of its date of issuance and then $0.175 within the second year after its date of issuance. The Company also reserves an overallotment option of up to 3,750,000 units, being 25% of the offering.