VANCOUVER, BRITISH COLUMBIA--(Marketwire - Mar 15, 2013) - Soldi Ventures Inc. (Soldi) (TSX VENTURE:SOV) announces that Mr. Archie Boyce will be joining the board of directors of the Company and assuming the role of President of the Company. Mr. Boyce brings more than 20 years experience in the Mining and Construction Business, from actual hands on Mining and Construction experience to running successful private businesses for over 15 years. Mr. Boyce has been active in the capital markets since 2006.
Charles Desjardins will be stepping down as President, but will remain as a director of the Company. Ms. Zara Kanji-Aquino will be resigning from the board of directors of the Company, but will remain as Chief Financial Officer. The Company would like to thank Ms. Kanji-Aquino for all her past efforts as a director of the Company.
The Company reports that it is canceling the non-brokered private placement of up to 20,000,000 units with total proceeds of up to $1,000,000 which was previously announced February 12, 2013.
The Company also reports there was an error in processing the paperwork for the additional 120.4 hectare graphite property located in Quebec and previously reported on February 8, 2013. As a result, the Company did not successfully stake this additional property.
Furthermore, the Company has decided not to proceed with the option agreement on the Golden Bullet property located near Gander Newfoundland.
You can now find Soldi Ventures Inc. on Twitter at https://twitter.com/soldiventures.
Soldi Ventures Inc. (TSX VENTURE:SOV) is a Canadian junior exploration company focused on discovering gold and graphite deposits in politically safe jurisdictions.
On behalf of the board of SOLDI VENTURES INC.
Charles Desjardins, President
This report contains forward looking statements. Resource estimates, unless specifically noted, are considered speculative. Any and all other resource or reserve estimates are historical in nature, and should not be relied upon. The production rate and mine-life projections have been made without support of a feasibility study, there is no certainty the proposed operations will be economically viable. By their nature, forward looking statements involve risk and uncertainties because they relate to events and depend on factors that will or may occur in the future. Actual results may vary depending upon exploration activities, industry production, commodity demand and pricing, currency exchange rates, and, but not limited to, general economic factors. Cautionary Note to US investors: The U.S. Securities and Exchange Commission specifically prohibits the use of certain terms, such as "reserves" unless such figures are based upon actual production or formation tests and can be shown to be economically and legally producible under existing economic and operating conditions.