VANCOUVER, British Columbia, May 21, 2024 (GLOBE NEWSWIRE) -- Solaris Resources Inc. (TSX: SLS; NYSE: SLSR) ("Solaris" or the "Company") is pleased to announce that it has entered into an agreement with National Bank Financial Markets, RBC Capital Markets, and BMO Capital Markets as bookrunners, on behalf of a syndicate of underwriters (collectively, the "Underwriters"), pursuant to which the Underwriters have agreed to purchase, on a bought deal basis, 7,150,000 common shares of the Company (the "Common Shares") at a price of $4.90 per Common Share (the "Offering Price"), for aggregate gross proceeds of approximately $35,035,000 million (the "Offering").
The Company has also granted the Underwriters an option to purchase up to an additional 1,072,500 Common Shares, representing 15% of the size of the Offering (the "Over-Allotment Option"), on the same terms and conditions, exercisable in whole or in part, up to 30 days after the closing of the Offering. If the Over-Allotment Option is exercised in full, the Company will receive additional gross proceeds of $5,255,250, for aggregate gross proceeds from the Offering of $40,290,250.
The net proceeds of the Offering, inclusive of the over-allotment option if exercised, will be used to fund an expanded exploration and infill drilling program at the Company's flagship Warintza Project in southeastern Ecuador, together with enhanced regional exploration activities, including fieldwork on ten new exploration concessions which were recently awarded to the Company, and for working capital and general corporate purposes.
The Common Shares will be offered in all provinces of Canada, except for Quebec, by way of a short form prospectus, and in the United States to "qualified institutional buyers" pursuant to an exemption from registration under the United States Securities Act of 1933, as amended, (the "U.S. Securities Act") and in such other jurisdictions outside of Canada in accordance with applicable law.
The Offering is expected to close on or about June 10, 2024, and is subject to certain conditions including, but not limited to, the receipt of all necessary corporate and regulatory approvals, including the approval of the Toronto Stock Exchange and the NYSE American LLC. All dollar amounts are expressed in Canadian dollars.
不列顛哥倫比亞省溫哥華，2024年5月21日（GLOBE NEWSWIRE）——Solaris Resources Inc.（多倫多證券交易所股票代碼：SLS；紐約證券交易所代碼：SLSR）（“Solaris” 或 “公司”）欣然宣佈，它已代表承銷商集團（統稱 “承銷商”）與作爲賬簿管理人的國家銀行金融市場、加拿大皇家銀行資本市場和BMO資本市場簽訂協議），根據該協議，承銷商同意以每股普通股4.90美元的價格購買公司7,150,000股普通股（“普通股”）（“發行”）價格”），總收益約爲350.35億美元（“本次發行”）。
公司還授予承銷商在發行結束後30天內以相同的條款和條件額外購買最多1,072,500股普通股的期權（“超額配股期權”），可全部或部分行使。如果全部行使超額配股權，公司將獲得5,255,250美元的額外總收益，本次發行的總收益爲40,290,250美元。
本次發行的淨收益，包括行使的超額配股權，將用於資助該公司位於厄瓜多爾東南部的旗艦Warintza項目的擴大的勘探和充填鑽探計劃，以及加強區域勘探活動，包括對最近授予公司的十項新勘探特許權進行實地考察，以及用於營運資金和一般公司用途。
普通股將通過簡短的招股說明書在加拿大所有省份發行，魁北克省除外，並根據經修訂的1933年《美國證券法》（“美國證券法”）的註冊豁免在美國向 “合格機構買家” 發行，並根據適用法律在加拿大以外的其他司法管轄區發行。
本次發行預計將於2024年6月10日左右結束，並受某些條件的約束，包括但不限於獲得所有必要的公司和監管部門的批准，包括多倫多證券交易所和紐約證券交易所美國有限責任公司的批准。所有美元金額均以加元表示。
