The TSX Venture Exchange (TSX-V) has granted Solis Minerals (TSX-V:SLMN) a 30-day extension from today (26 March) for the closing of tranche two of a $4.5 million placement.
Under TSX-V requirements, placements must close within 45 days of announcement.
On 6 March, Mining.com.au reported Solis had closed the first tranche of the placement to raise $1.86 million to fund ongoing exploration across its projects in Peru.
Tranche two is subject to shareholder approval at a special shareholder meeting of Solis held on or around early April 2025.
Euroz Hartleys and GBA Capital are acting as joint lead managers to the equity raise.
Solis Minerals, which is also listed on the Australian Securities Exchange, is an emerging exploration company, focused on unlocking the potential of its South American copper portfolio. The company is building a significant copper portfolio around its core tenements of Ilo Este and Ilo Norte and elsewhere in the Coastal Belt of Peru.
The company is actively considering a range of copper opportunities. South America is a key player in the global export market for copper and Solis is strategically positioned to capitalise on growth opportunities within this mineral-rich region.
Write to Adam Orlando at Mining.com.au
Images: Solis
