Denver-based Crown Resources (TSE) plans to list its 85.7%-owned subsidiary, Solitario Resources, on the Toronto Stock Exchange.
The company filed a preliminary prospectus for an initial public offering of 2.3 million new shares at $2.50 each.
An additional 345,000 shares may be issued to cover allotments, which would leave Crown with about 65.8% of Solitario’s common stock.
Solitario is involved in precious and base metal exploration in South America. All of its mineral interests are in Argentina and Peru.
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