Equitas Resources Corp. Announces Increase to Previously Announced 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 Increase to Previously Announced
Non-Brokered Private Placement
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES NOR FOR
DISSEMINATION IN THE UNITED STATES
February 22 , 201 7 - Equitas Resources Corp. (TSXV: EQT ) ( FSE: T6UN) (USA:
EQTRF) (“Equitas” or the “Company”) is pleased to announce that, as a result of positive
investor response to its previously announced non-brokered private placement offering of
up to 14,000,000 units (“Units”) at a price of $0.18 per Unit (the “Issue Price”), each Unit
comprising 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, the Company has decided to increase the size of the offering.
The Company will offer an additional 2,100,200 Units at price of $0.24 , for aggregate
gross proceeds to the Company of $3,024,048. Each additional Unit is comprised of one
common share and one non-transferable share purchase warrant exercisable at $0. 33 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 in two tranches on or about February 23, 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”
1500 – 409 Granville Street - Vancouver, B.C. V6C 1T2 TSX-V: EQT
T: +1 (604) 440-8474 FSE: T6UN
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 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.