Solis Minerals (ASX:SLM) obtained approval for a 30-day extension to the closing date of its tranche two placement to make way for a special shareholder meeting, according to a Wednesday filing with the Australian bourse.
Under TSX Venture Exchange requirements, placements must close within 45 days of an announcement. Solis Minerals disclosed its tranche one and two placements on Feb. 26.
The company's shares were down 6% in recent Wednesday trade.
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