Early Warning Report Issued Pursuant to National Instrument 62-103-Acquisition of Shares of Soho Resources Corp.
February 15 2010 - 4:00PM
Marketwired
Soho Resources Corp. (TSX VENTURE: SOH) ("Soho" or the "Company") -
This press release is being disseminated as required by National
Instrument 62-103 The Early Warning System and Related Take Over
Bids and Insider Reporting Issues in connection with the filing of
an early warning report (the "Early Warning Report") regarding the
acquisition of securities of Soho Resources Corp. (the "Company")
by Mr. Chen Zhang, of TianJin, China.
Through a non-brokered private placement on February 11, 2009,
Mr. Zhang acquired 10,000,000 common shares of the Company at a
price of $0.04 per share and warrants to acquire 10,000,000 shares
of the Company at a price of $0.05 per common share, exercisable
until February 11, 2010.
On December 29, 2009 Mr. Zhang exercised warrants to acquire
4,400,000 common shares of the Company and on February 11, 2010 he
exercised warrants to acquire 5,600,000 common shares of the
Company.
Mr. Chen Zhang beneficially owns 20,000,000 common shares (the
"Shares") of the Company, representing approximately 13.16% of the
issued and outstanding voting securities of the Company.
Mr. Chen Zhang has advised the Company that there is no
agreement, arrangement, commitment, or understanding with respect
to the voting of any of its securities of the Company. The Shares
were acquired for investment purposes and Mr. Chen Zhang may
increase or decrease his beneficial ownership or control depending
on market or other conditions.
A copy of the Early Warning Report may be found on
www.SEDAR.com.
ON BEHALF OF THE BOARD OF DIRECTORS
Ralph Shearing, Chief Executive Officer
WARNING: The Company relies upon litigation protection for
"forward-looking" statements. This News Release may contain
forward-looking statements including but not limited to comments
regarding the timing and content of up-coming work programs,
geological interpretations, receipt of property titles, potential
mineral recovery processes, etc. Forward-looking statements address
future events and conditions and therefore involve inherent risks
and uncertainties. Actual results may differ materially from those
currently anticipated in such statements. Soho Resources Corp.
relies upon litigation protection for forward-looking
statements.
Shares Issued - 152,013,693
Last Close 2010/02/12 C$0.085
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
Contacts: Soho Resources Corp. Mr. Glen Sandwell (604) 684-8071
or Toll Free: 1-800-685-0576 ir@sohoresources.ca
www.sohoresources.ca
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