Solaris Copper Inc. is pleased to announce it has closed a C$3.9 million non-brokered private placement financing.
Pursuant to the Private Placement, Solaris issued 15,736,000 common shares of the Company at a price of C$0.25 per common shares for gross proceeds to the Company of C$3,934,000. No fees or commissions were paid in connection with the Private Placement. The common shares issued pursuant to the Financing are subject to a four-month hold expiring on July 19, 2019.
Solaris intends to use the net proceeds of the Private Placement to advance exploration permitting at its mineral claims and for general and working capital purposes.
About Solaris Copper
Solaris Copper is a multi-asset exploration company advancing copper projects in the Americas. The Company is focused on advancing its 100%-owned Warintza copper-molybdenum property in Ecuador and holds a 100% interest in the Ricardo early-stage copper-molybdenum property in Chile which is under option to a subsidiary of Freeport-McMoRan. Solaris Copper also holds a 60% interest in the La Verde advanced-stage copper-silver-gold property in Mexico with the remaining 40% held by a subsidiary of Teck Resources and has earn-in agreements for two early-stage base metals projects in Peru. Solaris Copper operates as a reporting issuer but is not currently listed on a designated stock exchange.
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