Solaris resources announces $35 million common share bought deal offering

Not for dissemination to u.s. wire services or dissemination in the united states 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.
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