Equitas Resources Corp. Announces $2,520,000 Non-Brokered Private Placement
Equitas Resources Corp. Announces $2,520,000
Non-Brokered Private Placement
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES NOR FOR
DISSEMINATION IN THE UNITED STATES
January 3 1, 201 7 - Equitas Resources Corp. (TSXV: EQT ) ( FSE: T6UN) (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 d ate of closing.
The private placement is expected to close on or about February 1 5, 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
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 pricate placement is completed. Risks and uncertainties include the state of the markets and
the market for the Company’s securities. Factors that could cause act ual 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.