Solaris Receives Proceeds from Warrant Exercises of C$30.2 Million, Including Significant Exercises by Richard Warke and Equinox Gold Corp.
March 29 2023 - 5:35PM
Solaris Resources Inc. (TSX: SLS; OTCQB: SLSSF)
(“Solaris” or the “Company”) is pleased to announce that the
Company has received exercises of common share purchase warrants
(“warrants”) totaling C$30.2 million since the Company’s last
quarterly results dated November 8, 2022.
Notably, the Company’s Executive Chairman, Mr.
Richard Warke, and Equinox Gold Corp. (“Equinox”) have exercised a
total of 23.1 million warrants at a price of C$1.20 for proceeds of
C$27.7 million, representing the final tranche of warrants held by
these parties. Following the exercise, Equinox sold its remaining
7.5 million common shares of Solaris through the facilities of the
Toronto Stock Exchange.
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 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.
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