ABU
DHABI, UAE, Sept. 27,
2024 /CNW/ - MDC Industry Holding Company LLC
("MDCI"), a wholly-owned subsidiary of Mubadala Investment
Company PJSC, announces today the filing of an early warning report
(the "Early Warning Report") providing an update to its
holding of securities of Equinox Gold Corp. (TSX: EQX) (NYSE
American: EQX) ("Equinox Gold").
MDCI previously filed an early warning report dated
April 1, 2024 (the "Previous Report") with respect to
an amendment to the terms of the US$130,000,000 in convertible notes of Equinox
Gold issued on March 10, 2020 and due September 10,
2025 (the "2020 Notes"). Since the filing of the
Previous Report, an increase in the aggregate number of issued and
outstanding common shares of Equinox Gold (the "Common
Shares") has resulted in a net percentage decrease of MDCI's
beneficial ownership of Common Shares.
MDCI holds US$130,000,000 in
convertible notes of Equinox Gold issued on April 11, 2019 and due October 12, 2024 (the "2019 Notes")
and US$130,000,000 in 2020 Notes. The
2019 Notes and the 2020 Notes together entitle MDCI to
acquire 44,761,905 Common Shares, representing approximately 9.46%
of the Common Shares issued and outstanding on a partially-diluted
basis.
MDCI holds the 2019 Notes and the 2020 Notes (collectively,
the "Notes") for investment purposes. It may, in
accordance with applicable securities laws, increase or decrease
its investment by future acquisitions or dispositions of Notes,
Common Shares or other equity, debt or other securities of Equinox
Gold in the open market, through private agreement or treasury
issuances or otherwise, including conversion of some or all of the
Notes into Common Shares in accordance with their terms, depending
on market conditions, the business and prospects of Equinox Gold
and other relevant factors.
The head office of Equinox Gold is located at Suite 1501, 700
West Pender St. Vancouver, British
Columbia, Canada, V6C 1G8.
This news release is issued in accordance with the early warning
requirements under applicable Canadian securities laws. The Early
Warning Report will be filed by MDCI with applicable securities
regulators and will be available for viewing under Equinox Gold's
SEDAR+ profile at www.sedarplus.com. A copy of the Early Warning
Report may be obtained by contacting Andre
Namphy at the contact information provided below.
SOURCE MDC Industry Holding Company LLC
