Equitas Resources Corp. Announces $2,520,000 Non-Brokered Private Placement
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Vancouver, BC (FSCwire) - Equitas Resources Corp. (TSXV: EQT) (FSE: T6UP) (USA: EQTRF) (“Equitas” or the “Company”) announces that it proposes to raise up to $2,520,000 through a non-brokered private placement of up to 14,000,000 units (“Units”) at a price of $0.18 per Unit. Each Unit is comprised of one common share and one non-transferable share purchase warrant exercisable at $0.27 per warrant share for a period of twenty-four months from the issue date.
All the securities will be subject to a four-month hold period from the date of closing. The private placement is expected to close on or about February 15, 2017 and is subject to the approval of the TSX Venture Exchange. Equitas intends to use the net proceeds for a drilling program on the Company's mineral properties in Brazil, and for general working capital purposes.
On Behalf of the Board of Directors,
EQUITAS RESOURCES CORP.
“Alan Carter”
Alan Carter
President
Tel: 604.676.5660
info@equitasresources.com
Neither TSX Venture Exchange nor it Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
Statements in this document which are not purely historical are forward-looking statements, including any statements regarding beliefs, plans, expectations or intentions regarding the future. It is important to note that actual outcomes and the Company’s actual results could differ materially from those in such forward-looking statements. Forward looking statements in this news release include the proposal to raise funds and the intended use of proceeds, assuming that the private placement is completed. Risks and uncertainties include the state of the markets and the market for the Company’s securities. Factors that could cause actual results to differ materially include that Equitas is unable to complete all or a portion of the financing. Except as required by law, we do not undertake to update these forward looking statements.
To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/equitas02012017_0.pdf
Source: Equitas Resources Corp. (TSX Venture:EQT, FWB:T6UP)
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