- Solis Minerals (ASX: SLM, TSXV: SLMN, OTCQB: SLMFF) successfully closes Tranche 2 Placement, raising A$2.63 million.
- 30,979,957 CHESS Depositary Interests issued at A$0.085 per share.
- Total issued equity capital reaches 141,080,178 shares post-Placement.
Solis Minerals Ltd (ASX: SLM, TSXV: SLMN, OTCQB: SLMFF) has announced the successful completion of the second tranche of its placement, raising gross proceeds of A$2,633,296.35. This capital boost was achieved through the issuance of 30,979,957 CHESS Depositary Interests (CDIs) at a price of A$0.085 per share.
The placement also included the issuance of 26,470,627 unlisted options, which are exercisable at A$0.16 and have a two-year term. To compensate participating brokers, the company paid fees amounting to 6% of the funds raised, totaling A$145,697.78. Additionally, brokers received 12,632,353 unlisted options exercisable at A$0.14875 with a three-year term.
In a supplementary round, the company issued an additional 294,118 CDIs and 147,059 unlisted options for A$25,000. Consequently, the company's total issued equity capital now stands at 141,080,178 shares.
As part of the strategic initiatives to align management interests with company performance, Solis Minerals also granted 6,000,000 performance rights to its CEO and 6,800,000 performance rights to its Directors, as approved at the Special Shareholder Meeting held on April 16, 2025.
