Pacific Road Exercises Non-Dilution Rights to Acquire Additional Common Shares of Equinox Gold
TSX-V: EQX
OTC: LWLCF
Suite 730 – 800 West Pender St., Vancouver, BC Canada V6C 2V6
[email protected] +1 604.558.0560 www.equinoxgold.com
NEWS RELEASE
Pacific Road Exercises Non-Dilution Rights to Acquire Additional Common Shares of Equinox Gold
January 16, 2018 – Vancouver, BC – Equinox Gold Corp. (TSX-V: EQX, OTC: LWLCF) (“Equinox Gold” or the
“Company”) announces that Pacific Road Resources Funds (“ Pacific Road ”) has provided notice to the
Company of the exercise of its pre-existing non-dilution rights and will acquire an additional 21,000,000
Equinox Gold common s hares for aggregate proceeds to the Company of C$19,215,000, subject to
TSX Venture Exchange approval. When combined with the 23,824,968 Equinox Gold common shares Pacific
Road already owns, Pacific Road will hold an aggregate of 44,824,968 Equinox Gold co mmon shares
representing approximately 10.1% of the Company’s outstanding common shares.
Pacific Road’s non -dilution right s are being exercised in connection with the business combination
(the “Business Combination”) completed on December 22, 2017 whereby Equinox Gold (formerly Trek
Mining Inc.) acquired all issued and outstanding securities of NewCastle Gold Ltd. and Anfield Gold Corp. The
purchase price was calculated based on the five -day volume weighted average price of Equinox Gold’s
common shares on the day the Business Combination closed. As disclosed in the joint management
information circular related to the Business Combination , Pacific Road has certain non-dilution rights
pursuant to an investment agreement dated May 7, 2015 whereby as long as Pacific Road holds at least 5%
of Equinox Gold’s common shares, Pacific Road has the right to maintain all or a portion of its ownership
interest in the Company following any new issuance of Equinox Gold common shares.
Equinox Gold Contacts
Christian Milau, CEO
Rhylin Bailie, Vice President Investor Relations
Tel: +1 604-558-0560
Email: [email protected]
About Equinox Gold
Equinox Gold is a Canadian mining company with a multi-million-ounce gold resource base, near -term and
growing gold production from two past -producing mines in Brazil and California, and a long -term growth
platform with a diverse portfolio of gold and copper assets in North and South America. Construction is
underway at the Company’s Aurizona project in Brazil with the objective of pouring gold by year -end 2018,
and a prefeasibility study is underway at the Company ’s Castle Mountain project in California with the
objective of restarting production. Further information about Equinox Gold’s current portfolio of assets and
long-term growth strategy is available at www.equinoxgold.com or by email at [email protected].
Cautionary Notes and Forward-Looking Statements
Neither the TSX Venture Exchange nor its Regulation Services Provider (as such term is defined in the policies
of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This document contains certain forward -looking information and forward -looking statements within the
meaning of applicable securities legislation (collectively “forward-looking statements”). The use of the words
“will”, “subject to”, “underway”, “objective” and similar expressions are intended to identify forward-looking
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statements. Forward -looking statements contained in th is news release include, but are not limited to,
statements regarding the completion of and terms relating to the purchase of additional Equinox Gold shares
by Pacific Road, construction activities underway at Aurizona, anticipated production from the Aurizona Gold
Mine and Castle Mountain Gold Mine, the Castle Mountain prefeasibility study, and the growth potential of
the Company. Although the Company believes that the expectations reflected in such forward -looking
statements and/or information are rea sonable, undue reliance should not be placed on forward -looking
statements since the Company can give no assurance that such expectations will prove to be correct. These
statements involve known and unknown risks, uncertainties and other factors that may c ause actual results
or events to differ materially from those anticipated in such forward -looking statements, including the risks,
uncertainties and other factors identified in the Compan y’s periodic filings with Canadian securities
regulators, and assumptions made with regard to the Company’s ability to complete construction at Aurizona
and the timing to achieve production; the Company’s ability to complete construction within the approved
budget; the Company’s ability to complete the Castle Mountain prefe asibility study and the results of the
study; and the Company’s ability to achieve its expected growth and production potential. Furthermore, the
forward-looking statements contained in this news release are made as at the date of this news release and
the Company does not undertake any obligations to publicly update and/or revise any of the included forward-
looking statements, whether as a result of additional information, future events and/or otherwise, except as
may be required by applicable securities laws.