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Southern Andes Energy Inc.

Published : September 22nd, 2009

Withdraws Private Placement Offering

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Solex Withdraws Private Placement Offering

 

September 22, 2009 � Vancouver B.C.: Solex Resources Corp. (TSX-V: SOX) (�Solex� or the �Company�) today announced that the Company will not proceed with the non-brokered offering to issue up to 15,000,000 units on a private placement basis for gross proceeds of$2,250,000 previously announced on June 22, 2009.

 

About Solex Resources Corp.

 

Solex Resources Corp. is the dominant landholder in southern Peru's Macusani Uranium District with concessions covering over 904 km2 where in excess of 55 uraniferous anomalies have been identified on Solex properties. Solex is exploring three properties in the Macusani region (Macusani East, Macusani West and Macusani South), in addition to the Picotani uranium project.  NI 43-101 reports were filed during 2008 on the Princesa silver, lead and zinc property and on the Pilunani lead and zinc project.

 

Neither 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 news release may contain forward-looking statements that are based on Solex's expectations, estimates and projections regarding its business and the economic environment in which it operates. These statements are not guarantees of future performance and involve risks and uncertainties that are difficult to control or predict. Therefore, actual outcomes and results may differ materially from those expressed in these forward-looking statements and readers should not place undue reliance on such statements. Statements speak only as of the date on which they are made, and the Company undertakes no obligation to update them publicly to reflect new information or the occurrence of future events or circumstances, unless otherwise required to do so by law.

 

-30-

 

Further Information:

 

Joanna Longo, Vice President

The Equicom Group

Phone: 416 815-0700 x233

Email: jlongo@equicomgroup.com

 

 

Southern Andes Energy Inc.

EXPLORATION STAGE
CODE : SUR.V
ISIN : CA8421991016
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Southern Andes is a silver and lead exploration company based in Canada.

Southern Andes holds various exploration projects in Peru.

Its main exploration properties are MACUSANI WEST, PICOTANI, PILUNANI, CULLQUIMAYO, MACUSANI SOUTH, MACUSANI EAST, PRINCESA and ACCOCUCHO SUR in Peru.

Southern Andes is listed in Canada. Its market capitalisation is CA$ 11.5 millions as of today (US$ 9.3 millions, € 7.7 millions).

Its stock quote reached its highest recent level on February 09, 2007 at CA$ 4.80, and its lowest recent point on May 22, 2020 at CA$ 0.01.

Southern Andes has 74 468 000 shares outstanding.

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Annual reports of Southern Andes Energy Inc.
2007 Annual report
Financings of Southern Andes Energy Inc.
3/16/2010announces closing of private placement
9/22/2009Withdraws Private Placement Offering
8/20/2009Further Extension to Non-brokered Private Placement Closing
7/21/2009 Further Extension to Non-Brokered Private Placement Closing
7/6/2009Announces Extension of Non-Brokered Private Placement
6/22/2009Announces Non-Brokered Private Placement
Option Grants of Southern Andes Energy Inc.
3/1/2011Grant of 2,175,000 Stock Options
9/28/2009 Granting of Options
5/28/2008Announces stock options grant to directors and employees
Project news of Southern Andes Energy Inc.
1/12/2011(Macusani South)New Uranium Discovery at Alpi-1 Project in Peru
5/15/2009(Macusani East)Receives Very Positive Metallurgical Test Results From Large...
3/2/2009(Macusani East)Signs Letter of Intent with Eldorado Gold
11/17/2008(Macusani East)Reports Complete Drill Results at the Sayana Central Target,...
11/13/2008(Macusani South)completes initial drilling program and continues metallurgic...
8/14/2008(Macusani South)Solex Resources Corp. announces delivery of metallurgical te...
8/12/2008(Macusani South)Solex Resources Corp. announces drilling on Macusani South P...
6/2/2008Completes NI 43-101 Technical Report at Princesa
2/25/2008(Macusani East)Frontier Pacific & Solex Joint Venture Reports Drill Results...
1/14/2008(Macusani East) and Frontier Pacific Confirm Earn-In and Proposes 2008 Expl...
Corporate news of Southern Andes Energy Inc.
6/1/2011and Ansue Capital Corp. Announce the Closing of the Ansue Ca...
5/20/2011and Ansue Capital Corp. Announce That Southern Andes Energy ...
4/14/2011and Ansue Capital Corp.
4/28/2010shareholders approve Homeland Uranium asset acquisition
3/2/2010Announces Proposed Transaction to Acquire Cash and Shares Fr...
10/15/2009$100 million Equity Financing By Subsidiary Orion Oil & Gas ...
7/16/2009Completes Previously Announced Transaction with Eldorado Gol...
5/26/2009Finalises Agreement With Eldorado Gold Corporation to Acquir...
3/2/2009Correction: Solex Resources Signs Letter of Intent with Eldo...
12/12/2008Reports Complete Drill Results at the Puncopata Prospect, In...
9/11/2008receives Macusani East project data from Eldorado Gold Corpo...
5/27/2008adopts shareholder rights plan
5/27/2008retains leading investor relations firm
3/27/2008Confirms New Uranium Mineralization on Its 100% Owned Macusa...
12/12/2007 Provides Exploration Update on Wholly Owned Uranium Project...
11/19/2007 Responds to Dissident Circular
4/23/2007Resources Corp. Change Of Address
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