Solaris Appoints CICC as Chinese Financial Advisor
03 Oktober 2023 - 1:00PM
Solaris Resources Inc. (TSX: SLS; OTCQB: SLSSF)
(“Solaris” or the “Company”) announces the appointment of China
International Capital Corporation Limited (“CICC”) as the Company’s
Chinese financial advisor.
CICC is a Beijing-based global investment bank
with over 200 branches in China and offices in Hong Kong SAR, and
internationally. The firm is highly ranked in Chinese M&A
league tables, including in respect of outbound investments and
cross-border transactions in the mining sector.
In recent months, the Company has received a
number of proposals from parties interested in acquiring all or
part of Solaris’ Warintza Project (“Warintza” or the “Project”) in
Ecuador. CICC will assist in fielding and evaluating the merit of
these enquiries and other strategic matters.
Mr. Richard Warke, Executive Chairman,
commented: “Warintza is a very special asset that has the potential
to create tremendous long-term value for all stakeholders by
unlocking one of the last major greenfield districts at low
elevation and adjacent to infrastructure in the global copper
industry. The Company has a rich opportunity to significantly grow
the Project while advancing it through technical studies and
permitting with financing consistent with my commitment to minimize
shareholder dilution.”
On behalf of the Board of Solaris
Resources Inc.
“Daniel Earle”President & CEO, Director
For Further Information
Jacqueline Wagenaar, VP Investor RelationsDirect: 416-366-5678
Ext. 203Email: jwagenaar@solarisresources.com
About Solaris Resources
Inc.
Solaris is a multi-asset exploration company,
advancing a portfolio of copper and gold assets in the Americas,
which includes: its primary focus, a world class large-scale
resource with expansion and discovery potential at the Warintza
Project in Ecuador; discovery potential at its Ricardo Project and
Tamarugo Project in Chile; discovery potential at its Capricho and
Paco Orco projects in Peru; and significant leverage to increasing
copper prices through its 60% interest in the La Verde
joint-venture project with a subsidiary of 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”). The use of the words “will” and “expected” and
similar expressions are intended to identify forward-looking
statements. These statements include statements that in recent
month, the Company has received a number of proposals from parties
interested in acquiring all or part of Solaris’ Warintza Project in
Ecuador, CICC will assist in fielding and evaluating the merit of
these enquiries and other strategic matters, the Company has a rich
opportunity to significantly grow the Project while advancing it
through technical studies and permitting with financing consistent
with my commitment to minimize shareholder dilution. Although
Solaris believes that the expectations reflected in such
forward-looking statements and/or information are reasonable,
readers are cautioned that actual results may vary from the
forward-looking statements. These statements are based on a variety
of assumptions including assumptions made about the Company’s
ability to advance exploration efforts at the Warintza Project; the
results of such exploration efforts; and the Company’s ability to
achieve its growth objectives. These statements also 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 Solaris
Management’s Discussion and Analysis, for the year ended December
31, 2022 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 obligation to publicly update or revise any of these
forward-looking statements except as may be required by applicable
securities laws.
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