/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR
RELEASE, PUBLICATION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN
WHOLE OR IN PART, THE UNITED STATES OF
AMERICA/
VANCOUVER, Sept. 9, 2015 /CNW/ - Equitas Resources
Corp. (TSXv: EQT) (FSE: T6UN) ("Equitas" or the "Company") is
pleased to announce that the Company has arranged a non-brokered
private placement of up to 16,000,000 units ("Units") of the
Company at a price of $0.125
per Unit for gross proceeds of up to $2,000,000.
Each Unit will consist of one common share and one share
purchase warrant ("Warrant"). Each Warrant will entitle the holder
to purchase one additional common share of the Company at a price
of $0.25 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 underway at the Garland
Property in Labrador, Canada, and
for general working capital.
About Equitas Resources Corp.
Equitas Resources is a
Canadian-based mineral exploration company with a focus on nickel,
copper, platinum group metals (PGM) and cobalt. The Companies
Garland Property is 20,075 hectares and located in the Voisey's Bay
district of Labrador, Canada.
On Behalf of the Board of Directors,
EQUITAS RESOURCES CORP.
"Kyler Hardy"
Kyler
Hardy
President
Tel: 604.681.1568
info@equitasresources.com
Neither TSX Venture Exchange nor it Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Forward-Looking Statements
Statements in this document
which are not purely historical are forward-looking statements,
including any statements regarding beliefs, plans, expectations or
intentions regarding the future. It is important to note that
actual outcomes and the Company's actual results could differ
materially from those in such forward-looking statements. Forward
looking statements in this news release include, but are not
limited to the gross proceeds will be raised; that finders fees may
be paid; that the proceeds will be used for exploration and
corporate purposes. Risks and uncertainties include
economic, competitive, governmental, environmental and
technological factors that may affect the Company's operations,
markets, products and prices. Factors that could cause
actual results to differ materially include that we are unable to
raise sufficient interest in the financing; that we may not be able
to raise sufficient funds to complete our intended exploration and
development; and that despite encouraging data there may be no
commercially exploitable mineralization on our properties. Except
as required by law, we do not undertake to update these forward
looking statements.
SOURCE Equitas Resources Corp.