Science & Technology
Science and Technology
Science and Technology
Mon, June 14, 2010
Sun, June 13, 2010
Fri, June 11, 2010 
TORONTO, ONTARIO--(Marketwire - June 11, 2010) - Soltoro Ltd. (TSX VENTURE:SOL) has engaged T2W Market Liquidity Inc. ("T2W") effective June 11, 2010, to provide market liquidity services for its common shares listed on the TSX Venture Exchange. The term of the engagement is for a minimum 12 months and is renewable thereafter on a month to month basis. T2W is a Dundas based private company which is in the business of providing market liquidity services to listed issuers. Harold Hoff, the principal of T2W, has more than 10 years experience as a pro trader and market maker for a major bank owned investment dealer.
In consideration of the services to be provided, the Company will pay T2W a monthly flat fee of $2,500 (plus applicable taxes) for a minimum of one year. T2W's remuneration is in no way contingent upon the market price or trading volume of the common shares of Soltoro on the TSX-V.
The market liquidity services to be provided include:
1. Maintaining a consistent and reasonable bid and offer spread for the common shares of Soltoro;
2. Maintaining a reasonable board lot size for the bid and offer; and
3. Maintaining reasonable open orders at depth behind the best bid and offer.
T2W is entirely independent of the Company and will at all times be trading as principal for its own account and using its own capital. T2W's experienced trading staff will use their knowledge and discretion in providing these services and no assurance has been made as to any particular effect or result regarding the market for the Company's common shares. T2W has covenanted to operate in accordance with best trading practices at all times.
About Soltoro:
Soltoro is a junior exploration company exploring for gold, silver deposits in Mexico. The Company continues to drill at its El Rayo silver gold project to expand an NI 43-101 compliant silver resource and prove up gold resources, has a drill program underway at its Victoria high grade gold silver project and is also actively advancing its Quila, Tortuga, Chinipas and El Santuario projects. Soltoro has 35,047,850 shares 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.
