Equitas Resources Corp. Announces Effective Date of Share Consolidation
Equitas Resources Corp. Announces Effective Date of Share Consolidation
Vancouver, British Columbia, December 30, 2016 - Equitas Resources Corp. (“Equitas” or the
“Company”) (TSXV: EQT) (U S: EQTRF) (Frankfurt: T6UN) announces that the TSX Venture
Exchange has approved a share consolidation of th e outstanding share capital of the Company on the
basis of ten (10) pre-consolidation common shares fo r one (1) new post-consolidation common share (the
“Consolidation”). The Consolidation will be effective at the open of the market on Tuesday, January 3,
2017. The Company’s name and trading symbol will remain unchanged.
As a result of the Consolidation, the Company’s currently issued and outstanding 222,247,424 common
shares will be reduced to 22,224,717 common shares after rounding adjustments. No fractional common
shares will be issued as a result of the Consolid ation. All fractional common shares resulting from the
Consolidation will be rounded down to the nearest whole number of common shares. The Company’s
outstanding incentive stock options and warrants will be adjusted on the same basis (10:1) to reflect the
Consolidation in accordance with their respective term s, with proportionate adjustments being made to
exercise prices.
Registered shareholders will receive a letter of transmittal from the Company’s transfer agent,
Computershare Investor Services Inc., providing instru ctions on how to exchange their share certificates
representing pre-Consolidation common shares for new share certificates or Direct Registration Advice
(DRS) representing post-Consolidation common shar es to which they are entitled as a result of the
Consolidation. No action is required by non-regist ered shareholders (share holders who hold their
common shares through an intermediary) to effect the Consolidation.
For more information on Equitas Resources Corp., please email [email protected] and visit the
website at www.equitasresources.com.
On Behalf of the Board of Directors,
EQUITAS RESOURCES CORP.
“Alan Carter”
President & CEO
Tel: 604-681-1568
Neither TSX Venture Exchange nor it Regulation Services Pr ovider (as that term is defined in the policies
of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.