Amendment: SEC Form SC 13D/A filed by Solaris Resources Inc.
SOLARIS RESOURCES INC.
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(Name of Issuer)
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Common Shares, no par value
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(Title of Class of Securities)
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83419D 20 1
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(CUSIP Number)
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Richard Warke
Suite 555, 999 Canada Place
Vancouver, British Columbia, Canada V6C 3E1
(604) 687-1717
Copy to:
Jason K. Brenkert
Dorsey & Whitney LLP
1400 Wewatta Street, Suite 400
Denver, Colorado 80202-5549
(303) 629-3445
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
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September 18, 2024
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(Date of Event which Requires Filing of this Statement)
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1
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NAMES OF REPORTING PERSONS
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Augusta Ozama Investment Limited Partnership
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
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(a)
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☐
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(b)
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☐
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3
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SEC USE ONLY
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4
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SOURCE OF FUNDS (SEE INSTRUCTIONS)
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OO, WC
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5
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CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)
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☐
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Not Applicable
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6
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CITIZENSHIP OR PLACE OF ORGANIZATION
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Canada
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NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
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7
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SOLE VOTING POWER
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58,543,977
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8
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SHARED VOTING POWER
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0
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9
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SOLE DISPOSITIVE POWER
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58,543,977
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|||||
10
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SHARED DISPOSITIVE POWER
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0
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11
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
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58,543,977
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|||||
12
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
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☐
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Not Applicable
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13
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
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36.11% (1)
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14
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TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
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PN
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|||||
1
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NAMES OF REPORTING PERSONS
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Richard Warke
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|||||
2
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
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(a)
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☐
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(b)
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☐
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||||
3
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SEC USE ONLY
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||||
4
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SOURCE OF FUNDS (SEE INSTRUCTIONS)
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||||
OO
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|||||
5
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CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)
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☐
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|||
Not Applicable
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|||||
6
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CITIZENSHIP OR PLACE OF ORGANIZATION
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Canada
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|||||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
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7
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SOLE VOTING POWER
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61,697,522(2)
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8
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SHARED VOTING POWER
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0
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|||||
9
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SOLE DISPOSITIVE POWER
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61,697,522(2)
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|||||
10
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SHARED DISPOSITIVE POWER
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0
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|||||
11
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
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||||
61,697,522 (2)
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|||||
12
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
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☐
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Not Applicable
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|||||
13
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
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37.43% (3)
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14
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TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
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IN
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(i)
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Mr. Warke acquired through Augusta Investments an additional 25,000 Shares using working capital.
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(ii)
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Mr. Warke was granted 400,000 Options by the Issuer.
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(i)
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Mr. Warke acquired through Augusta Investments an additional 25,000 Shares through open market purchases in the ordinary course
of business.
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(ii)
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On September 18, 2024, the Issuer granted Richard Warke 400,000 Options. The Options are exercisable at a price of C$3.30 per
share, expire on September 18, 2029, and vest as follows: 1/4 on September 18, 2025; 1/4 on September 18, 2026; 1/4 on September 18, 2027, and 1/4 on September 18, 2028.
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a.
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(1) As of the date hereof, Augusta Ozama Investment Limited
Partnership may be deemed to beneficially own 58,543,977 Common Shares, representing approximately 36.11% of the Issuer’s Shares (on the basis of 162,116,904 outstanding common shares of the Issuer).
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(i)
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Sole power to vote or to direct the vote: 58,543,977
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(ii)
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Shared power to vote or to direct the vote: 0
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(iii)
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Sole power to dispose or direct the disposition: 58,543,977
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(iv)
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Shared power to dispose or direct the disposition: 0
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(v)
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Aggregate amount of shares beneficially owned: 58,543,977
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(vi)
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Percent of class represented in Item (v) above: 36.11%
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(i)
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Sole power to vote or to direct the vote: 61,697,522
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(ii)
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Shared power to vote or to direct the vote: 0
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(iii)
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Sole power to dispose or direct the disposition: 61,672,522
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(iv)
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Shared power to dispose or direct the disposition: 0
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(v)
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Aggregate amount of shares beneficially owned: 61,672,522
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(vi)
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Percent of class represented in Item (v) above: 37.43%
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b.
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On September 18, 2024, the Issuer granted Richard Warke 400,000 Options. The Options are exercisable at a price of C$3.30 per
share, expire on September 18, 2029, and vest as follows: 1/4 on September 18, 2025; 1/4 on September 18, 2026; 1/4 on September 18, 2027, and 1/4 on September 18, 2028. As the first tranche of the Options does not vest until September 18,
2025, they are not included in the beneficial ownership amounts set forth above.
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Date
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Number of Shares
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Purchase Price
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07/02/2024
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5,000
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C$3.72 (US$2.72 using exchange rate of 1.3697)
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07/02/2024
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5,000
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C$3.71 (US$2.71 using exchange rate of 1.3697)
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07/02/2024
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5,000
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C$3.70 (US$2.70 using exchange rate of 1.3697)
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07/09/2024
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2,400
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C$3.939 (US$2.89 using exchange rate of 1.3638)
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07/09/2024
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2,600
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C$3.94 (US$2.89 using exchange rate of 1.3638)
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07/09/2024
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5,000
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C$3.93 (US$2.88 using exchange rate of 1.3638)
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AUGUSTA OZAMA INVESTMENT LIMITED PARTNERSHIP
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By:
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/s/ Richard Warke
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Name: Richard Warke
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Title:
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/s/ Richard Warke
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Name: Richard Warke
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