Solaris Receives Proceeds from Warrant Exercises of C$30.2 Million, Including Significant Exercises by Richard Warke and Equinox Gold Corp.
On March 29, 2023, Solaris Resources (OTCQB: SLSSF) announced that it has received exercises of common share purchase warrants totaling C$30.2 million since its last quarterly results on November 8, 2022.
Sentiment and the balance of points
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Rhea-AI Summary
On March 29, 2023, Solaris Resources (OTCQB: SLSSF) announced that it has received exercises of common share purchase warrants totaling C$30.2 million since its last quarterly results on November 8, 2022. Notably, Executive Chairman Richard Warke and Equinox Gold exercised 23.1 million warrants at C$1.20, generating C$27.7 million. Following this, Equinox sold its remaining 7.5 million shares of Solaris on the Toronto Stock Exchange. Solaris continues to advance its portfolio of copper and gold assets across the Americas, focusing on significant projects in Ecuador, Chile, and Peru.
Positive
- Received C$30.2 million from warrant exercises since November 2022.
- Richard Warke and Equinox Gold exercised 23.1 million warrants, boosting liquidity with C$27.7 million.
Negative
- Equinox sold its remaining shares, which could affect investor confidence.
Details
News Market Reaction – SLSSF
The recorded move for SLSSF in the trading session of this news was +5.03%.
Data tracked by StockTitan Argus. Session date unavailable.
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VANCOUVER, British Columbia, March 29, 2023 (GLOBE NEWSWIRE) -- 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
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
On behalf of the Board of Solaris Resources Inc.
“Daniel Earle”
President & CEO, Director
For Further Information
Jacqueline Wagenaar, VP Investor Relations
Direct: 416-366-5678 Ext. 203
Email: 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
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