Equinox Gold announces sale of Solaris Resources shares for C$70.4 million

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Equinox Gold said that immediately prior to the transaction, the company owned 15,545,487 common shares of Solaris and warrants entitling Equinox Gold to purchase 7,500,000 common shares of Solaris representing approximately 17.88% of Solaris on a partially diluted basis. Accordingly, Equinox Gold said it will no longer file insider or early warning reports in respect of its ownership of securities of Solaris, except as required by applicable law.

Importantly, pursuant to the transaction, Equinox Gold said it has agreed not to sell any of its remaining Solaris securities for 120 days.

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