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Zijin Mining Group invests $130 million in Solaris Resources

Kitco Media
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Zijin Mining Group invests $130 million in Solaris Resources teaser image

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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