Soho Resources (CVE:SOH) announced the closing of a non-brokered private placement.
The press release is quoted as saying:
Soho Resources Corp.has closed its non-brokered private placement for gross proceeds of $3,058,000 by issuance of 30,580,000 units of the Company, at a price of $0.10 per Unit. Each Unit consists of one common share of the Company and one half of one share purchase warrant . Each Warrant is exercisable into one additional Share for a period of one year, until January 24, 2012, at a price of $0.15 per Share.