Solaris Resources (TSX:SLS) has announced that it has entered into a subscription agreement with an affiliate of China’s Zijin Mining Group Co., Ltd. for a private placement of Solaris common shares. Under the terms of the agreement, Zijin will invest approximately $130 million into Solaris through the purchase of 28,481,289 common shares at a price of $4.55 per share. The deal values the shares at a 14% premium over Solaris’ closing share price of $3.99 on the Toronto Stock Exchange on January 10.
Mr. Daniel Earle, President & CEO, commented in a press release: “Zijin is one of the most successful major mining companies in the world. It boasts an unprecedented track record of growth from its origins operating a single gold mine in the early 1990s to becoming a global major operating in 16 countries with total revenue far in excess of its gold mining peers, including…
