Solaris Completes C$20 Million Private Placement
Suite 555 - 999 Canada Pl., Vancouver, BC Canada V6C 3E1
SOLARIS COMPLETES C$20 MILLION PRIVATE PLACEMENT
May 28, 2020 – Vancouver, B.C. – Solaris Resources Inc. (“Solaris” or the “Company”) has completed a
non‐brokered private placement financing raising gross proceeds of C$20 million (the “Private
Placement”).
Pursuant to the Private Placement, Solaris issued 25,000,000 units of the Company at a price of C$0.80
per unit, with each unit consisting of one common share and one common share purchase warrant. Each
warrant entitles the holder to acquire one common share at a price of C$1.20 for a period of three years.
The proceeds from the Private Placement will be used to advance exploration efforts at the Company’s
properties, including a comprehensive geophysical survey and expanded drilling program at Warintza, and
for general and working capital purposes.
The Private Placement was fully subscribed by senior management, including Richard Warke, Executive
Chairman, and Daniel Earle, President and CEO, and by Equinox Gold, a strategic partner to the Company.
Mr. Earle commented, “We greatly appreciate the steadfast support of our largest shareholders amidst
the market turmoil brought on by the COVID‐19 pandemic. With approximately C$25 million of cash on
hand, the company is well financed to responsibly resume exploration at Warintza, and to accelerate our
drilling program, with strict protocols in place to protect the health and safety of our workers and partner
communities.”
On behalf of the Board of Solaris Resources Inc.
“Daniel Earle”
President & CEO, Director
For Further Information
Jacqueline Wagenaar, VP Investor Relations
Direct: 416‐366‐5678 Ext. 203
Email: [email protected]
About Solaris Resources Inc.
Solaris is advancing a portfolio of copper and gold assets in the Americas, which includes: a high‐grade
resource with expansion and additional discovery potential at the Warintza copper and gold project in
Ecuador; discovery potential on the grass‐roots Tamarugo project in Chile and Capricho and Paco Orco
projects in Peru; exposure to US$130M spending / 5‐yrs through a farm‐out agreement with Freeport‐
McMoRan on the Ricardo Project in Chile; and significant leverage to increasing copper prices through the
60%‐interest in the development‐stage La Verde joint‐venture project with Teck Resources in Mexico.
Solaris Resources operates as a reporting issuer, however, is not currently listed on a designated stock
exchange.
Suite 555 - 999 Canada Pl., Vancouver, BC Canada V6C 3E1
Cautionary Notes and Forward‐looking Statements
This document contains certain forward‐looking information and forward‐looking statements within the meaning of
applicable securities legislation (collectively “forward‐looking statements”). The use of the words “intention”, “will”,
“may”, “can”, and similar expressions are intended to identify forward‐looking statements. Although Solaris believes
that the expectations reflected in such forward‐looking statements and/or information are reasonable, undue
reliance should not be placed on forward‐looking statements since Solaris can give no assurance that such
expectations will prove to be correct. These statements involve known and unknown risks, uncertainties and other
factors that may cause actual results or events to differ materially from those anticipated in such forward‐looking
statements, including the risks, uncertainties and other factors identified in Solaris’ Management’s Discussion and
Analysis for the year ended December 31, 2019 available at www.sedar.com. Furthermore, the forward‐looking
statements contained in this news release are made as at the date of this news release and Solaris does not undertake
any obligations to publicly update and/or revise any of the included forward‐looking statements, whether as a result
of additional information, future events and/or otherwise, except as may be required by applicable securities laws.