RE:News is out
Equitas Resources arranges $2-million private placement
Equitas Resources Corp (2) (C:EQT)
Shares Issued 41,823,035
Last Close 9/8/2015 $0.165
Wednesday September 09 2015 - News Release
Mr. Kyler Hardy reports
EQUITAS RESOURCES CORP. ANNOUNCES $2,000,000 NON-BROKERED PRIVATE PLACEMENT
Equitas Resources Corp. has arranged a non-brokered private placement of up to 16 million units of the company at a price of 12.5 cents per unit for gross proceeds of up to $2-million.
Each unit will consist of one common share and one share purchase warrant. Each warrant will entitle the holder to purchase one additional common share of the company at a price of 25 cents per share for a period of 12 months from closing.
All the securities will be subject to a four-month hold period from the date of closing. A finder's fee may be payable, in accordance with the policies of the TSX Venture Exchange. The private placement is subject to the approval of the TSX Venture Exchange.
Proceeds of the private placement will be used to advance the phase 2 exploration program currently under way at the Garland property in Labrador, Canada, and for general working capital.
We seek Safe Harbor.
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