/NOT FOR DISTRIBUTION TO UNITED
STATES NEWSWIRE SERVICES NOR FOR DISSEMINATION IN
THE UNITED STATES/
VANCOUVER, March 4, 2016 /CNW/ - Equitas Resources
Corp. (TSXv: EQT) (FSE: T6UN) (USA: EQTRF) ("Equitas" or the "Company") is
pleased to announce that the Company has arranged a non-brokered
private placement of up to 20,000,000 units ("Units") of the
Company at a price of $0.05 per Unit
for gross proceeds of up to $1,000,000.
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 $0.10 per share for a period of 24
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. Finders fees may be payable in connection with this
private placement.
Proceeds of the private placement are expected to be utilised to
advance the Cajueiro Project, located in the States of Mato Grosso and Para, Brazil in accordance with the terms of the
Alta Floresta Gold Ltd. share exchange agreement. The
definitive share exchange agreement is subject to TSX Venture
Exchange approval.
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
advancing the Cajueiro Project. 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.