Equitas Resources Corp. Announces Closing of First Tranche of Non-Brokered Private Placement
1500 – 409 Granville Street ‐ Vancouver, B.C. V6C 1T2 TSX‐V: EQT
T: +1 (604) 440‐8474 FSE: T6UN
Equitas Resources Corp. Announces Closing of First Tranche of
Non-Brokered Private Placement
NOT FOR DISTRIBUTION TO UNITED ST ATES NEWSWIRE SERVICES NOR FOR
DISSEMINATION IN THE UNITED STATES
February 24, 2017 - Equitas Resources Corp. (TSXV: EQT) (FSE: T6UN) (USA:
EQTRF) (“Equitas” or the “Company”) is pleased to announce that it has closed the first
of two tranches of the non-brokered private placement announced on February 1, 2017.
The Company has issued 9,809,379 units (“Units ”) at a price of $0.18 per Unit (the
“Issue Price”) for gross proceeds of $1,765,688. A second tranche 4,190,621 Units is
expected to close on or around February 27, 2017.
Each Units consists of one common shar e and one non-transfer able share purchase
warrant exercisable at $0.27 per warrant shar e for a period of twenty-four months from
the issue date. The Company has issu ed 616,656 shares and 110,998 warrants as a
finder’s fee in respect this tranche of the placement.
Equitas intends to use the net proceeds fo r a drilling program on the Company's mineral
properties in Brazil, and for general working capital purposes.
All the securities are subject to a four-month hold period from the date of closing.
On Behalf of the Board of Directors,
EQUITAS RESOURCES CORP.
“Alan Carter”
Alan Carter
President
1500 – 409 Granville Street ‐ Vancouver, B.C. V6C 1T2 TSX‐V: EQT
T: +1 (604) 440‐8474 FSE: T6UN
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 purel y historical are forward-looking statements,
including any statements regarding beliefs, plans, expectations or intentions regarding the future.
It is important to note that actual outcom es 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. Fact ors that could cause actual results to differ
materially include that Equitas is unable to comp lete all or a portion of the financing. Except as
required by law, we do not undertake to update these forward looking statements.