Shares sold at $0.84 apiece; insiders invest $509,999 through offering
By Devika Patel
Knoxville, Tenn., July 26 - Solitario Exploration & Royalty Corp. said it settled a $2.06 million private placement of stock.
The company sold 2,451,892 common shares at $0.84 apiece. The price per share is a 6.67% discount to the July 25 closing share price of $0.90.
Insiders bought $509,999 of the shares.
Solitario is a Wheat Ridge, Colo.-based precious and base metals exploration company.
| Issuer: | Solitario Exploration & Royalty Corp.
|
| Issue: | Common shares
|
| Amount: | $2,059,589
|
| Shares: | 2,451,892
|
| Price: | $0.84
|
| Warrants: | No
|
| Pricing date: | July 26
|
| Stock symbol: | Amex: XPL
|
| Stock price: | $0.90 at close July 25
|
| Market capitalization: | $31.18 million
|
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