2023-08-02 09:24:10 ET
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Solitario Resources ( NYSE: XPL ) ( TSX: SLR:CA ) has received a $2.5 million investment from Newmont Overseas Exploration, the company said Wednesday.
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In exchange, Newmont Overseas Exploration was issued 4,166,667 shares of the company at $0.60 per share.
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Through the investment, Newmont Overseas Exploration has become the largest shareholder of the company with a 9.95% stake.
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The company will use the net proceeds to advance exploration activities at its core projects and for general corporate purposes.
For further details see:
Solitario Resources gets $2.5M investment from Newmont Overseas Exploration