Post by
Zipolitemexico on Nov 20, 2024 1:37pm
Solaris Exploration spin off
From the announcment...."The Company anticipates completing a spin-out transaction to capitalize on its non-core assets, including La Verde, Capricho, and Paco Orco, which will form the foundation of a new growth-oriented copper company focused on the consolidation of operating and advanced development assets with exceptional upside potential. This new company will benefit from the deep knowledge of the universe of projects and extensive network of relationships Mr. Rowlinson brings to Solaris to rapidly scale its business. The Company will announce additional details about this exciting venture in the new year."
The plan to create the spin out, Solaris Exploration, was always to happen as part of the sale of Solaris Resources. Shareholder were to receive a number of shares of the new company based on their holdings at the time of the sale. So based on the above paragraph from the announcments, are they are moving the plan up to do the spin off earlier? It would appear that way. Of course the other thought...., is the sale of SLS imminent? The former is more likely. Either way I'm looking forward to the new year!!