Solitario Resources Corp. announced a private placement that it will issue 8,631,818 shares of company's common stock at a price of $0.55 per share for the gross proceeds of $4,747,500 on October 13, 2023. The company relied on the exemptions from registration set forth in Section 4(a)(2) under the Securities Act of 1933, as amended and Rule 506(b) promulgated thereunder, together with applicable exemptions under Canadian law, for the offer and sale of the shares.

The transaction is subject to the approval of the Exchange. The company will issue securities pursuant to exemption provided under Regulation D from 4 investors. The minimum investment accepted from any outside investor is $4,747,500.