- Equinox Gold Corp. (EQX) has sold 11,000,000 common shares of Solaris Resources for gross proceeds of C$70.4 million
- As a result of the sale, Equinox Gold’s ownership has decreased to less than 10 per cent of the issued and outstanding common shares of Solaris
- Equinox Gold remains a supportive shareholder of Solaris and does not currently plan to make any additional changes to its interest
- Equinox Gold is a growth-focused mining company with seven gold mines
- Equinox Gold Corp. (EQX) is down 1.63 per cent on the day, trading at C$4.83 per share at 1:45 pm ET
Equinox Gold Corp. (EQX) has sold 11,000,000 common shares of Solaris Resources for gross proceeds of C$70.4 million.
The sales were facilitated through the facilities of the TSE through block trades.
Equinox Gold will be filing an early warning report under National Instrument 62-103 in connection with the sale of the Solaris shares.
Immediately prior to the transaction, Equinox Gold owned 15,545,487 common shares of Solaris and warrants entitling Equinox Gold to purchase 7,500,000 common shares of Solaris.
Equinox Gold’s ownership has decreased to less than 10 per cent of the issued and outstanding common shares of Solaris. Equinox Gold has ceased to be a “reporting insider.” Equinox Gold will no longer file insider or early warning reports in respect of its ownership of securities of Solaris.
Equinox Gold remains a supportive shareholder of Solaris and does not currently plan to make any additional changes to its interest. Equinox Gold has agreed not to sell any of its remaining Solaris securities for 120 days.
Equinox Gold is a growth-focused mining company with seven gold mines and a clear plan to increase production by advancing a pipeline of growth projects.
Equinox Gold Corp. (EQX) is down 1.63 per cent on the day, trading at C$4.83 per share at 1:45 pm ET.