Past year: ▲ 3%(6.62 – 10.83 USD)
Each one in plain English, with the numbers worked through for a shareholder.
10 June 2024capital raising announcement● NeutralMajor
Solaris announced it closed a financing of $54 million, per the headline. The filing text provided is only the cover page, so the breakdown and terms are not available here; it is likely to be the bought-deal offering announced in May, but that link is an inference, not stated.
4 June 2024capital raising announcement● Neutral
Solaris filed the final short form prospectus for the share offering announced May 21: 7,150,000 shares at C$4.90 plus up to 1,072,500 more under the over-allotment option. Closing is still expected around June 10, 2024, subject to TSX and NYSE American approval. No new terms are given.
What it means for a shareholder
7.2m new shares at C$4.90 to raise about C$35.0m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
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22 May 2024capital raising announcement● NeutralMajor
Solaris announced a bought-deal sale of 7,150,000 new common shares at C$4.90 each, about C$35.0M gross (up to about C$40.3M if the 1,072,500-share over-allotment option is fully used). Proceeds are for expanded drilling and exploration at Warintza, fieldwork on the ten new concessions, and general purposes. Shareholders face dilution from the new shares; closing is expected around June 10, 2024, subject to approvals.
What it means for a shareholder
7.2m new shares at C$4.90 to raise about C$35.0m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
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