Equinox Copper Announces Two Week Extension to Closing of Second Tranche
608, 1199 West Pender Street Vancouver, B.C. V6E 2R1 Tel: (604) 687-0300 Fax: (604) 687-0151
EQUINOX COPPER CORP.
May 3, 2013
Equinox Copper Announces Two Week Extension to Closing of Second Tranche
Equinox Copper Corporation (EQX – V) (“Equinox” or the “Company”) wishes to advise that further to the February 28, 2013 news release that announced a non-brokered private placement of 3,333,333 Units, that the Company expects to close the second tranche within two weeks.
The first tranche closed on April 12, 2013 and the Company received gross proceeds of $302,357.60 (the “Offering”). Under the Offering, the Company has issued 2,015,717 common shares at a price of $0.15 per share (the “Shares”) and 2,015,717 share purchase warrants (the “Warrants”). Each Warrant entitles the holder thereof to purchase one additional Share (a “Warrant Share”) at a price of $0.25 per Warrant Share for a two year period.
In connection with closing of the first tranche, the Company paid an eligible finder a cash commission of $693 and issued 4,620 non-transferable finder’s warrants (the “Finder’s Warrants”). Each Finder’s Warrant entitles the holder to purchase one Share of the Company at a price of $0.25 for a two year period.
The proceeds will be utilized to enhance production at Aura in Chile, exploration program at Copper Queen-Binghampton and general working capital.
The foregoing is subject to regulatory approval.
About Equinox Copper Corp.
Equinox Copper Corp. is a publicly traded corporation listed on the TSX-Venture Exchange (EQX-TSX- V) and is engaged in mineral exploration and development in the United States and Chile. The major focus is on copper exploration properties in the Southwest United States where management has extensive experience and a proven track record of discovery. To find out more about Equinox visit its website at www.EquinoxCopper.com.
On behalf of the Board of Directors of Equinox Copper Corp.
Corey Dias, CEO
Forward-Looking Statement
This news release includes certain statements that may be deemed "forward-looking statements". Forward-looking information includes, but is not limited to: statements with respect to the effect and estimated timeline of the drilling and assay results on the Company; the estimation of mineral reserves and mineral resources; the timing and amount of estimated future exploration; costs of exploration; capital expenditures; success of exploration activities; permitting time lines and permitting; government regulation of mining operations; potential future expansion of the PFNP; environmental risks; unanticipated reclamation expenses; and title disputes or claims. Generally, forwardlooking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". All statements in this release, other than statements of historical facts, including the likelihood of commercial mining and possible future financings are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include: unsuccessful exploration results; changes in metals prices; changes in the availability of funding for mineral exploration; unanticipated changes in key management personnel and general economic conditions. Mining is an inherently risky business. Accordingly the actual events may differ materially from those projected in the forward-looking statements. For more information on the Company and the risks and challenges of its business, investors should review the Company's annual filings that are available at www.sedar.com.
NEITHER TSX VENTURE EXCHANGE NOR ITS 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.
Contact:
Equinox Copper Corp.
Clive Mostert Corporate Communications (780)-920-7670 [email protected] www.EquinoxExploration.com