JUJUY, ARGENTINA--(Marketwire - Sept. 13, 2012) - Soltera Mining Corp. (PINKSHEETS:SLTA)(FRANKFURT:SN7) (www.solteramining.com) announces further funding from Goldlake Group of Italy.
On August 16, 2012, Soltera Mining Corp. issued 3,000,000 restricted shares of common stock to Goldlake Italia S.p.A. ("Goldlake"). Soltera received from Goldlake a completed and signed Subscription Form and funds in the amount of US$450,000 representing the full payment for the exercise of 3,000,000 restricted non-transferable share purchase warrants at an exercise price of $0.15 per warrant in accordance with the Goldlake-Soltera Capital Increase Agreement of 9th June 2010.
These funds are being applied primarily to corporate administrative costs and continuation of an on-going field program that includes litho-geochemical sampling and a geophysical survey over the most prospective areas of the El Torno property in Jujuy, Argentina.
About Soltera Mining
Soltera Mining Corp. is an exploration company that is concentrating on the major El Torno gold project in northern Argentina. El Torno is a 78 km2 area that has potential for world-class gold deposits of two types; vein gold in a very large quartz vein system that extends intermittently north-south for 14 km and has been worked underground in the past, and dispersed gold in suites of small veins and stockworks that are separate from the main system and appear to be major open-pit targets. For more information, please visit the Soltera website at www.solteramining.com.
About Goldlake Group
The Goldlake Group is the first Italian organisation to invest in the mining and exploration sector of Honduras and now Argentina. The Group is privately owned, with the majority stake held by the founder of Italy's third largest cement company, Colacem. It has offices in Gubbio (Italy), London (UK) and at its main operations in Tegucigalpa, Honduras. Goldlake has a track record of developing successful businesses in emerging markets and has a management team with significant experience in the mining sector. For more information, please visit the Goldlake website at www.goldlake.co.uk.
Safe Harbor Statement: Certain statements contained herein are "forward-looking" statements (as such term is defined in the Private Securities Reform Act of 1995). Because such statements include risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Information or opinions in this document are presented solely for informative purposes and are not intended nor should be construed as investment advice. We encourage you to carefully review the Company with your investment advisor and verify any information that is important to your investment decision.