Solaris Resources Inc. (TSX: SLS) announced today that Zijin Mining Group made a $130 million private placement in Solaris at a subscription price of $4.55 per common share.
Solaris Resources’ flagship project is its Warintza project in Ecuador. Solaris describes the Warintza project as “…a broad cluster of outcropping copper porphyry deposits anchored by a large-scale, high-grade open pit resource inventory.”
Upon closing of the private placement, Zijin will own approximately 15% of the common shares on a fully diluted basis.
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