Solaris Announces Changes to Its Board of Directors, Including the Appointment of Ms. Poonam Puri
February 24 2023 - 7:30AM
Solaris Resources Inc. (TSX: SLS; OTCQB: SLSSF)
(“Solaris” or “the Company”) announces the appointment of Ms.
Poonam Puri as an independent Director of the Company, replacing
Mr. Greg Smith who has stepped down to focus on external roles,
effective immediately.
Ms. Poonam Puri is an experienced corporate
director and an internationally recognized scholar of corporate
law, corporate governance, and capital markets regulation. Ms. Puri
is a tenured Professor of Law at Osgoode Hall Law School in
Toronto, Ontario, and a corporate lawyer and Affiliated Scholar at
Davies, Ward, Phillips & Vineberg, LLP. Ms. Puri holds a
Bachelor of Laws from the University of Toronto, a Master of Laws
from Harvard University and has earned the Institute of Corporate
Directors, Institute-Certified Director Designation (ICD.D).
Ms. Puri has extensive experience as an expert in governance and as
a director of organizations in the engineering, transportation,
infrastructure, mining and healthcare sectors, including as a past
director of CAPREIT, Arizona Mining, Cole Engineering and the
Greater Toronto Airports Authority, and she previously served as
the commission and director of the Ontario Securities
Commission. Ms. Puri presently serves on the board of
directors or trustees of the Canada Infrastructure Bank, Colliers,
and Augusta Gold. Ms. Puri has been recognized as one of the top 25
most influential lawyers in Canada by Canadian Lawyer Magazine. In
2021, Ms. Puri was awarded the Royal Society of Canada’s Yvan
Allaire Medal for exemplary contributions to the governance of
public and private institutions in Canada, in addition to the Law
Society Medal and the David Walter Mundell Medal. Most recently, in
2022, Ms. Puri was awarded the Peter Dey Governance Achievement
Award.
Mr. Greg Smith, commented: “I want to
acknowledge the Solaris team for the rapid progress since the
spin-out from Equinox Gold in advancing the Warintza Project from
discovery stage to what is now one of the preeminent near-term
greenfield copper development opportunities. The value created
helped fund Equinox’s gold growth profile and I’m grateful to
depart knowing Solaris is left in strong hands with the remaining
Board members. Ross Beaty and I remain fully invested in our
personal equity positions and look forward to strong returns as
Solaris delivers on its strategy to maximize shareholder value.
Equinox intends to hold its remaining warrant position to maximize
its value.”
Mr. Daniel Earle, President & CEO,
commented, “Greg was the founding Chief Executive Officer and has
served on the Board of Directors since inception and we thank him
for his meaningful contributions to our success with the Warintza
Project. In addition, we are very pleased to welcome Poonam to our
Board, bringing extensive experience in corporate governance,
strategy and ESG.”
On behalf of the Board of Solaris
Resources Inc.
“Daniel Earle”President & CEO, Director
For Further Information
Jacqueline Wagenaar, VP Investor RelationsDirect: 416-366-5678
Ext. 203Email: jwagenaar@solarisresources.com
About Solaris Resources
Inc.
Solaris is a multi-asset exploration company,
advancing a portfolio of copper and gold assets in the Americas,
which includes: its primary focus, a world class large-scale
resource with expansion and discovery potential at the Warintza
Project (“Warintza”) in Ecuador; discovery potential at its Ricardo
Project and Tamarugo Project in Chile; discovery potential at its
Capricho and Paco Orco projects in Peru; and significant leverage
to increasing copper prices through its 60% interest in the La
Verde joint-venture project with a subsidiary of Teck Resources in
Mexico.
Cautionary Notes and Forward-looking
Statements
This document contains certain forward-looking
information and forward-looking statements within the meaning of
applicable securities legislation (collectively “forward-looking
statements”). The use of the words “will” and “expected” and
similar expressions are intended to identify forward-looking
statements. These statements include statements that Ross Beaty and
Greg Smith remain fully invested in their personal equity positions
and look forward to strong returns as Solaris delivers on its
strategy to maximize shareholder value, and that Equinox intends to
hold its remaining warrant position to maximize its value. Although
Solaris believes that the expectations reflected in such
forward-looking statements and/or information are reasonable,
readers are cautioned that actual results may vary from the
forward-looking statements. These statements are based on a variety
of assumptions including assumptions made about the Company’s
ability to advance exploration efforts at the Warintza Project; the
results of such exploration efforts; and the Company’s ability to
achieve its growth objectives. These statements also involve known
and unknown risks, uncertainties and other factors that may cause
actual results or events to differ materially from those
anticipated in such forward-looking statements, including the
risks, uncertainties and other factors identified in the Solaris
Management’s Discussion and Analysis for the year ended December
31, 2021, available at www.sedar.com. Furthermore, the
forward-looking statements contained in this news release are made
as at the date of this news release and Solaris does not undertake
any obligation to publicly update or revise any of these
forward-looking statements except as may be required by applicable
securities laws.
Solaris Resources (TSX:SLS)
Historical Stock Chart
From Jun 2024 to Jul 2024
Solaris Resources (TSX:SLS)
Historical Stock Chart
From Jul 2023 to Jul 2024