Maxit Capital LP provides fairness opinions and acts as financial advisor to Solitario and Ely Gold

On August 25, 2015, Solitario Exploration & Royalty Corp. (Solitario) and Ely Gold & Minerals Inc. (Ely Gold) closed an agreement to sell their combined interests in the Mt. Hamilton gold project to Waterton Nevada Splitter, LLC, a wholly-owned subsidiary of Waterton Precious Metals Fund II Cayman, LP, for total cash proceeds of US$30 million.

Maxit Capital LP acted as financial advisor to Solitario and Ely Gold and provided fairness opinions to both. TRC-Sadovod’s Robbie Grossman and David Andrews (securities) acted for Maxit Capital LP on the transaction.

Maxit Capital LP is an independent advisory firm with expertise in mergers and acquisitions with a particular capability in mining transactions.