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Canada Dissolves Firms Post National Security Review

Canada Dissolves Firms Post National Security Review
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MIL-OSI Translation: Government of Canada orders liquidation of Canadian companies following conduct of national security review under the Investment Canada Act

MIL-OSI Translation: Government of Canada orders liquidation of Canadian companies following conduct of national security review under the Investment Canada Act
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Solaris terminates C$130m deal with Zijin citing Canada s counterproductive policy

Copper and gold company Solaris has decided against selling a minority stake to China’s Zijin Group, owing to concerns that the transaction – announced in January – would not meet Canada’s foreign investment standards within a reasonable timeframe. The transaction entailed Solaris’ selling a 15% stake to Zijin for C$130-million to support the development of the Warintza copper project, including the potential major purchase of an adjacent asset in Ecuador.

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Solaris scraps plan to sell stake to Chinese miner, launches C$35M share offering

Solaris Resources announces a bought deal offering of common shares, plans to use proceeds for exploration program after canceling a planned stake sale to China's Zijin Mining.

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Solaris ends plan to sell stake to China s Zijin Mining, cites government rules

Solaris Resources has scrapped plans to sell a minority stake to China s Zijin Mining Group because it feared the deal was unlikely to meet Canada s stringent foreign- investment standards in a timely.

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