Solaris Resources (TSX:SLS; NYSEAmerican:SLSR) has announced the successful closing of its bought deal equity offering and a private placement, raising aggregate gross proceeds of approximately $53.9 million. The funds will be used to support the company’s ongoing exploration and development activities at its flagship Warintza Project in southeastern Ecuador and other regional exploration initiatives.
The bought deal equity offering, which closed on June 10, 2024, saw the company issue 8,222,500 common shares, including the full exercise of the over-allotment option by the underwriters, at a price of $4.90 per share. The offering generated gross proceeds of $40,290,250 and was completed pursuant to an underwriting agreement dated May 27, 2024, between Solaris Resources Inc. and a syndicate of underwriters led by National Bank Financial Markets, RBC Capital Markets, and BMO Capital…
