other
confidence high
sentiment positive
materiality 0.55
Solitario closes $1.55M non-brokered private placement; insiders participate
SOLITARIO RESOURCES CORP.
- Sold 3,100,000 shares at $0.50 each, raising gross proceeds of $1,550,000; no warrants issued.
- Three executive officers each purchased 50,000 shares on same terms as other investors.
- Net proceeds added to working capital; pro-forma cash and marketable securities now ~$7.0M.
- Company plans 2022 drill program at Golden Crest project pending permitting.
- Offering conducted under existing shelf registration statement (S-3); no placement agent fees.