Solitario Exploration & Royalty Corp.

Published : November 21st, 2013

Announces Sale of Shares of Ely Gold

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Keywords :   Brazil | G Mexico | Gold | Mexico | Palladium | Peru | Platinum | Report | Silver | Zinc |

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News Release: November 21 2013 (PDF link)
______________________________________________________
 

SOLITARIO ANNOUNCES SALE OF SHARES OF ELY GOLD
 

Denver, Colorado: Solitario Exploration & Royalty Corp. ("Solitario;" NYSE MKT: XPL; TSX: SLR) announces that it has sold 6,303,563 common shares (the "Shares") of Ely Gold & Minerals ("Ely Gold;" TSX.V: ELY) by way of private agreement at a price of CDN$0.08 per share. Immediately after the sale, Solitario owned an aggregate of 2,160,920 common shares of Ely Gold, representing approximately 3.2% of Ely Gold's outstanding common shares.

The Shares were sold by Solitario to raise a portion of the funds in order that Solitario may subscribe for 13,571,354 common shares of Ely Gold at a price of CDN$0.10 per share on a private placement basis, for gross proceeds to Ely Gold of CDN$1,357,135 (the "Private Placement"). It is expected that the Private Placement will be completed once Ely Gold has received all required regulatory approvals, including the approval of the TSX Venture Exchange, which is expected to occur on or prior to November 30, 2013. Ely Gold is required to use the proceeds of the Private Placement to pay Augusta Resource Corporation as part of Solitario's earn-in to the Mt. Hamilton LLC joint venture. Upon completion of the Private Placement, it is expected that Solitario will own an aggregate of 15,732,274 common shares of Ely Gold, which will represent approximately 19.6% of Ely Gold's outstanding common shares.

Solitario will file an Early Warning Report as required by Canadian regulatory authorities under National Instrument 62-103 with regard to the sale of the Shares. Solitario will also file a subsequent Early Warning Report upon completion of the Private Placement.
 

About Solitario

Solitario is a gold, silver, platinum-palladium, and base metal exploration and royalty company actively exploring in Brazil, Mexico, and Peru. Solitario has significant business relationships with Votorantim Metais on its high-grade Bongar? zinc project in Peru, Hochschild Mining on its Pachuca Norte silver-gold project in Mexico and Anglo Platinum on its Pedra Branca platinum-palladium project in Brazil. Solitario is traded on the NYSE MKT ("XPL") and on the Toronto Stock Exchange ("SLR"). Additional information about Solitario is available online at www.solitarioxr.com

 

For more information or a copy of the early warning report contact:

 

If you have problems accessing this release or have questions, please contact
Debbie Mino-Austin at (800) 229-6827 or Chris Herald, CEO at (303) 534-1030, #14.
Solitario Exploration & Royalty: 4251 Kipling St, #390, Wheat Ridge CO 80033

You are receiving this email because you have requested updated information on
Soltiario Exploration & Royalty and its projects and properties.
Should you no longer wish to receive information on Solitario

www.PiteCreative.com

 

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Data and Statistics for these countries : Brazil | Mexico | Peru | All
Gold and Silver Prices for these countries : Brazil | Mexico | Peru | All

Solitario Exploration & Royalty Corp.

EXPLORATION STAGE
CODE : SLR.TO
ISIN : US8342EP1070
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Solitario Exploration & Royalty is a gold and zinc development stage company based in United states of america.

Solitario Exploration & Royalty holds various exploration projects in Peru and in USA.

Its main exploration properties are PEDRA BRANCA and MERCURIO in Brazil, CHONTA, CHAMBARA, YANACOCHA and LA PROMESA in Peru, PACHUCA REAL in Mexico and MOUNT HAMILTON in USA.

Solitario Exploration & Royalty is listed in Canada and in United States of America. Its market capitalisation is CA$ 25.9 millions as of today (US$ 20.9 millions, € 18.1 millions).

Its stock quote reached its highest recent level on August 29, 1997 at CA$ 6.25, and its lowest recent point on March 20, 2020 at CA$ 0.22.

Solitario Exploration & Royalty has 38 690 000 shares outstanding.

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Financings of Solitario Exploration & Royalty Corp.
2/21/2014Commitments for $1,680,000 Private Placement
7/26/2013Closing of $2,059,589 Private Placement Including Insider Pu...
5/1/2013Closing of Private Placement to Acquire 5,131,150 Shares of ...
4/24/2013Private Placement with Ely Gold with Reduced Earn-in Payment
Project news of Solitario Exploration & Royalty Corp.
2/7/2014Zinc Uptrend Could Benefit Solitario Exploration
12/22/2010(Mount Hamilton)SOLITARIO AND ELY ENTER INTO DEFINITIVE JOINT VENTURE AGREEM...
1/12/2010(Bongarà)Major Expansion of Exploration & Development Activities on i...
1/7/2010(Pedra Branca)Drilling Results at Pedra Branca
1/29/2009(Bongarà)DRILLING RESULTS ON ITS BONGARÁ ZINC PROJECT, PERU
12/2/2008(Pedra Branca)ANNOUNCES ADDITIONAL MINERALIZATION INTERSECTED
3/13/2008(Pedra Branca)reported a major expansion in land holdings
9/20/2007Announces Significant Drilling Results
Corporate news of Solitario Exploration & Royalty Corp.
7/25/2016Solitario Exploration & Royalty Corp. Reports Results of Ann...
6/6/2016Solitario Purchases NSR Royalty on Prospective Properties in...
5/4/2016Solitario reports 1Q loss
8/25/2015Solitario and Ely Gold Close Transaction to Sell their Inter...
8/14/2015Solitario Exploration & Royalty Corp. Reports Results of Ann...
8/14/2015Solitario Reports Results of Annual Meeting of Shareholders
8/11/2015Solitario posts 2Q loss
4/2/2015Solitario Announces Milpo/Votorantim Have Earned a 61% Inter...
4/2/2015Solitario Announces Milpo / Votorantim Have Earned a 61% Int...
2/3/2015Solitario Options Its Norcan Copper Project in Mexico
1/14/2015Solitario Announces Mt. Hamilton Reclamation Permits Approve...
1/14/2015Solitario Announces Mt. Hamilton Reclamation Permits Approve...
11/19/2014Solitario Announces Milpo to Manage It's Bongará Zinc Operat...
11/19/2014Solitario Announces Milpo to Manage Its Bongará Zinc Operati...
10/20/2014Solitario Announces Updated Mt. Hamilton Feasibility Study; ...
10/20/2014Solitario Announces Updated Mt. Hamilton Feasibility Study
9/2/2014Solitario Completes Environmental Assessment Process on Its ...
5/29/2014Solitario Updates Activities on Its Pedra Branca and Pachuca...
4/23/2014Solitario Engages SRK Consulting to Complete an Initial NI 4...
4/17/2014Solitario Clarifies Technical Disclosures
12/3/2013Recent Transactions Bolster Solitario's Future Financial Pos...
11/21/2013Announces Sale of Shares of Ely Gold
10/1/2013Announces Resources Sensitivities to Gold Price for Its Mt. ...
9/19/2013Announces Resource and Metallurgy Update for Its Mt. Hamilto...
8/20/2013Intersects 10.7 Meters Grading 50.8% Zinc + Lead on itsBonga...
8/7/2013Announces High-Grade Drilling Results on its Bongará Zinc Pr...
10/26/2012NI 43-101 Technical Report Filed for its Mt. Hamilton Gold P...
7/19/2011CEO Chris Herald to Make Presentation in Denver, CO on July ...
5/19/2011News Release
4/13/2011News Release
2/18/2011News Release
11/19/2009Updates 2010 Exploration Plans
2/7/2009Revise Previously Issued Financial Statements
11/10/2008to Present at John Tumazos Very Independent Research, LLC Me...
7/25/2008Five Drills Now Operating on Solitario Projects
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