Deal done
Equitas signs definitive deal to acquire Alta Floresta
2016-03-07 08:44 ET - News Release
Mr. Kyler Hardy reports
EQUITAS RESOURCES CORP. COMPLETES DUE DILIGENCE AND SIGNS DEFINITIVE AGREEMENT TO ACQUIRE ALTA FLORESTA GOLD LTD.
Equitas Resources Corp. has signed a definitive agreement to acquire a 100-per-cent interest in Alta Floresta Gold Ltd. Upon regulatory approval of the acquisition, Equitas plans to construct a gravity plant to expand the current production activities at the Cajueiro gold zones.
Alta Floresta Gold Ltd. is a private company which holds a 60-per-cent equity interest in Alta Floresta Mineracao Ltd. Alta Floresta Mineracao holds six gold properties and four production licences, over 184,410 hectares of land in the Mato Grosso and Para states of Brazil. Alta Floresta Mineracao is focused on production activities and defining additional gold resources at the Cajueiro project.
We seek Safe Harbor.