Solaris Increases Private Placement to C$80.6 Million
Suite 555 - 999 Canada Pl., Vancouver, BC Canada V6C 3E1
Solaris Increases Private Placement to C$80.6 Million
NOT FOR DISTRIBUTION TO THE UNITED STATES NEWSWIRE SERVICES
OR FOR DISSEMINATION IN THE UNITED STATES
December 22, 2020 – Vancouver, B.C. – Solaris Resources Inc. (TSXV: SLS) (“Solaris” or the “Company”)
is pleased to announce that the Company has increased the size of its previously announced private
placement (see press release dated December 14, 2020) to 15.5 million units (“Units”) at a price of C$5.20
per Unit for total gross proceeds of C$80.6 million (the “Private Placement”).
Each Unit is comprised of one common share of the Company (a “ Common Share”) and one half of one
common share purchase warrant (a “ Warrant”). Each Warrant entitles the holder to purchase one
Common Share for a period of two years at an exercise price of C$6.75.
The net proceeds from the Private Placement will be used to fund exploration activities, technical studies,
community social relations programs and permitting at the Company’s projects and for general and
working capital purposes. The Common Shares and Warrants issued under the Private Placement will be
subject to a statutory hold period in Canada of four months and one day following the closing date.
The securities to be offered pursuant to the Private Placement have not been, and will not be, registered
under the U.S. Securities Act of 1933, as amended (the “ U.S. Securities Act”) or any U.S. state securities
laws, and may not be offered or sold in the United States absent registration under the U.S. Securities Act
and all applicable U.S. state securities laws or compliance with the requirements of exemptions
therefrom. This news release shall not constitute an offer to sell or the solicitation of an offer to buy
securities in the United States, nor shall there be any sale of these securities in any jurisdiction in which
such offer, solicitation or sale would be unlawful.
A finder’s fee commensurate with TSX Venture Exchange policies will be paid where applicable. Closing of
the Private Placement is subject to certain conditions including, but not limited to, the receipt of all
necessary regulatory and other approvals including the conditional approval of the TSX Venture Exchange.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in polices
of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. The
statements made in this press release may contain certain forward-looking statements that involve a
number of risks and uncertainties. Actual events or results may differ from the Company’s expectations.
On behalf of the Board of Solaris Resources Inc.
“Daniel Earle”
President & CEO, Director
Suite 555 - 999 Canada Pl., Vancouver, BC Canada V6C 3E1
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.
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”), such as that Solaris will offer 15,500,000
Units at C$5.20 per Unit for gross proceeds of C$80,600,000 pursuant to the Private Placement; the terms of the
Private Placement; that a Private Placement will occur at all; and the proposed use of proceeds from the Private
Placement. The use of the words “will” 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. Such forward-looking statements are based on several assumptions,
including that the TSX-V will grant approval for the Private Placement. 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 the
latest Solaris Management’s Discussion and Analysis 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.