VANCOUVER,
Feb. 28, 2014 /CNW/ - Equitas
Resources Corp. (TSXv: EQT; FSE: T6U1) (the "Company" or
"Equitas") is pleased to announce the establishment of an
Advisory Board and the appointment of Cary
Pothorin, B.Sc., P.Geo., as its initial member.
Mr. Pothorin's career in the mining and mineral
exploration industry spans over 20 years, with a specialization in
precious and base metals. Mr. Pothorin is currently owner of
Cordillera Geological Consulting, a mineral exploration, consulting
and project management company based in Nanaimo, British Columbia, Canada. Mr.
Pothorin has been involved with exploration and resource
development at several significant porphyry copper deposits,
including the Mt. Milligan and Lorraine Cu-Au Projects in
British Columbia, the Aguila Cu-Mo
and Pinaya Cu-Au Projects in Peru,
the Taca Taca Cu-Au Project in Argentina, and the Leon Mo Project in
Mexico. He holds a B.Sc. degree in
geology from the University of Alberta,
and is a registered Professional Geologist with APEGBC.
"We are honored to have Mr. Pothorin join our
expanding team and establish the Advisory Board," said David Hodge, President and CEO of Equitas. "Cary
brings a wealth of technical skill to our team and his experience
and expertise will be invaluable to the future development of the
Company."
The Advisory Board will consult with the Equitas
Board of Directors and Management on the development of the
Company's exploration projects as well as business and corporate
development opportunities.
In conjunction with his appointment to the
Advisory Board, the Company has granted Mr. Pothorin 175,000
incentive stock options exercisable for a period of five years from
the date of grant at a price of $0.10
per share.
About Equitas Resources Corp.
Equitas Resources Corp. is a mineral exploration
company that specializes in acquiring, exploring and advancing
mineral properties. Equitas has a portfolio of base metal and
precious metal projects in British
Columbia and the Northwest
Territories.
On Behalf of the Board of Directors
EQUITAS RESOURCES CORP.
"David Hodge"
David Hodge
Director
Tel: 604.681.1568
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the adequacy or accuracy of this release.
Information set forth in this news release
may involve forward-looking statements under applicable securities
laws. Forward-looking statements are statements that relate to
future, not past, events. In this context, forward-looking
statements often address expected future business and financial
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"believe", "plan", "estimate", "expect", and "intend", statements
that an action or event "may", "might", "could", "should", or
"will" be taken or occur, or other similar expressions. By their
nature, forward-looking statements involve known and unknown risks,
uncertainties and other factors which may cause our actual results,
performance or achievements, or other future events, to be
materially different from any future results, performance or
achievements expressed or implied by such forward-looking
statements. Such factors include, among others, the following
risks: the need for additional financing; operational risks
associated with mineral exploration; fluctuations in commodity
prices; title matters; environmental liability claims and
insurance; reliance on key personnel; the potential for conflicts
of interest among certain officers, directors or promoters with
certain other projects; the absence of dividends; competition;
dilution; the volatility of our common share price and volume and
the additional risks identified in the management discussion and
analysis section of our interim and most recent annual financial
statement or other reports and filings with the TSX Venture
Exchange and applicable Canadian securities regulations.
Forward-looking statements are made based on management's beliefs,
estimates and opinions on the date that statements are made and
Equitas undertakes no obligation to update forward-looking
statements if these beliefs, estimates and opinions or other
circumstances should change, except as required by applicable
securities laws. Investors are cautioned against attributing undue
certainty to forward-looking statements.
Neither TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) has reviewed or accepts
responsibility for the adequacy or accuracy of this
release.
SOURCE Equitas Resources Corp.