Equity Metals Closes Non-Brokered Flow- Through Private Placement
Equity Metals Closes Non-Brokered Flow-
Through Private Placement
Vancouver, British Columbia--(Newsfile Corp. - December 20, 2023) -
Equity Metals Corporation
(TSXV: EQTY) ("Equity" or the "Company") reports that it has closed a non-brokered flow-through private
placement by issuing 8,500,000 premium flow-through units (the "Units") at a price of $0.19 per Unit for
gross proceeds of $1,615,000 (the "Offering"). Each Unit consists of one flow-through common share
and one share purchase warrant. Each warrant entitles the holder thereof to purchase one non-flow-
through common share for a period of 5 years at a price of $0.18.
All securities issued in connection with the Offering are subject to a hold period expiring on April 21,
2024. The Offering is subject to TSX Venture Exchange acceptance.
The gross proceeds received from the sale of Units will be used for the 2024 exploration program on the
Silver Queen Ag-Au project in British Columbia, Canada.
About Silver Queen Project
The Silver Queen Project is a premier gold-silver property with over 100 years of historic exploration and
development and is located adjacent to power, roads and rail with significant mining infrastructure that
was developed under previous operators Bradina JV (Bralorne Mines) and Houston Metals Corp. (a
Hunt Brothers company). The property contains an historic decline into the No. 3 Vein, camp
infrastructure, and a maintained Tailings Facility.
The Silver Queen Property consists of 45 mineral claims, 17 crown grants, and two surface crown grants
totalling 18,852ha with no underlying royalties. Mineralization is hosted by a series of epithermal veins
distributed over a 6 sq km area. An updated NI43-101 Mineral Resource Estimate with effective date
December 1st, 2022 was detailed in a News Release issued on Jan 16, 2023, which can be found by
clicking here and the full Technical Report can be found on SEDAR+ (
www.sedarplus.ca/
) and the
Company's website.
More than 20 different veins have been identified on the property, forming an extensive network of zoned
Cretaceous- to Tertiary-age epithermal veins. The property remains largely under explored.
About Equity Metals Corporation
Equity Metals Corporation is a member of the Malaspina-Manex Group. The Company owns 100%
interest, with no underlying royalty, in the Silver Queen project, located along the Skeena Arch in the
Omineca Mining Division, British Columbia. The property hosts high-grade, precious- and base-metal
veins related to a buried porphyry system, which has been only partially delineated. The Company also
has a controlling JV interest (57.49%) in the Monument Diamond project, NWT, strategically located in
the Lac De Gras district within 40 km of both the Ekati and Diavik diamond mines.
The Company also
has royalty and working interests in other Canadian properties, which are being evaluated further to
determine their value to the Company.
Robert Macdonald, MSc. P.Geo, is VP Exploration of Equity Metals Corporation and a Qualified Person
as defined by National Instrument 43-101. He is responsible for the supervision of the exploration on the
Silver Queen project and for the preparation of the technical information in this disclosure.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the
securities in the United States of America. The securities have not been and will not be registered
under the United States Securities Act of 1933 (the "1933 Act") or any state securities laws and may
not be offered or sold within the United States or to U.S. Persons (as defined in the 1933 Act) unless
registered under the 1933 Act and applicable state securities laws, or an exemption from such
registration is available.
On behalf of the Board of Directors
"Joseph Anthony Kizis, Jr."
Joseph Anthony Kizis, Jr., P.Geo
President, Director, Equity Metals Corporation
For further information, visit the website at
https://www.equitymetalscorporation.com
; or contact us at
604.641.2759 or by email at
.
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.
This news release may contain forward-looking statements including, but not limited to comments
regarding the timing and content of upcoming work programs, geological interpretations, receipt of
property titles, potential mineral recovery processes, etc. Forward-looking statements address future
events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ
materially from those currently anticipated in such statements. These statements are based on a
number of assumptions, including, but not limited to, assumptions regarding TSX Venture Exchange
acceptance of the Offering, general economic conditions, interest rates, commodity markets,
regulatory and governmental approvals for the company's projects, and the availability of financing for
the company's development projects on reasonable terms. Factors that could cause actual results to
differ materially from those in forward-looking statements include market prices, exploitation and
exploration successes, the timing and receipt of government and regulatory approvals, and continued
availability of capital and financing and general economic, market or business conditions. Equity
Metals Corporation does not assume any obligation to update or revise its forward-looking
statements, whether as a result of new information, future events or otherwise, except to the extent
required by applicable law.
This news release is not intended for distribution to United States newswire services or
dissemination in the United States.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/191829