|By Marketwired .||
|July 18, 2014 04:59 PM EDT||
TORONTO, ONTARIO -- (Marketwired) -- 07/18/14 -- Soltoro Ltd. (TSX VENTURE: SOL) has awarded 4,170,000 incentive stock options exercisable at $0.14 per common share to officers, directors and consultants of the Company. This grant of options is in compliance with the terms of the Company's Stock Option Plan and remains subject to the acceptance of the TSX Venture Exchange. This grant of options was awarded after the close on July 18, 2014 and has expiry dates of July 18, 2017 and December 18, 2017.
Dr. Tony Harwood has joined Soltoro's advisory board. Dr. Harwood is an economic geologist with 30 years of international exploration and mining experience and graduated from University of Wales, College Cardiff, with a B.Sc. (Honours) degree and Ph.D in Economic Geology. Dr. Harwood was appointed President and Chief Executive Officer of Montero Mining & Exploration in June, 2009. Between 2006 and 2009, Dr. Harwood held the position of President and Chief Executive Officer of Africo Resources Ltd., a Canadian company engaged in exploring, acquiring and developing base metal and gold assets in Africa. Between 1998 and 2006, Dr. Harwood served as a Vice President of Placer Dome Inc., a major Canadian gold mining company.
Red Cloud is a capital markets advisory firm hired to assist in refining Soltoro's growth strategy, assist in partnering opportunities and vetting asset acquisition strategies. Red Cloud is known for its strong institutional relationships and ability to source non-traditional funding.
Soltoro is engaged in exploration for gold and silver deposits in Mexico. Soltoro holds in excess of 30,000 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 15% of the common shares of Argentum Silver Corp. with a 3% N.S.R. payable on Argentum Silver's Victoria and Coyote properties. Soltoro's La Tortuga project is under option to Gold Reserve Inc. Soltoro has 69,533,037 common share issued and outstanding and trades on the TSX Venture Exchange under the symbol "SOL".
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. 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.