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Equinox Gold Receives C$19.2 Million from Pacific Road Resources Funds

 

 

 

 

 

Equinox Gold Corp. (TSX-V:EQX) (OTC:LWLCF) announces that it has received C$19.2 million from Pacific Road Resources Funds and issued 21 million Equinox Gold common shares to Pacific Road pursuant to Pacific Road’s exercise of non-dilution rights, as previously announced on January 16, 2018. The shares are subject to a four-month hold period expiring on June 9, 2018. No finder’s fees or commissions were paid in connection with the share issuance.

 

 

The C$19.2 million is in addition to the approximately C$89.4 million (US$71.3 million) in cash and marketable securities that Equinox Gold had at December 31, 2017. Construction of Equinox Gold’s Aurizona Gold Mine in Brazil is fully funded with the Company’s existing treasury and a US$85 million secured project credit facility, of which US$15 million has already been drawn.  

 

 

About Equinox Gold

 

 

Equinox Gold is a Canadian mining company with a multi-million-ounce gold resource base, near-term and growing gold production from two past-producing mines in Brazil and California, and a long-term growth platform with a diverse portfolio of gold and copper assets in North and South America. Construction is underway at the Company’s Aurizona project in Brazil with the objective of pouring gold by year-end 2018, and a prefeasibility study is underway at the Company’s Castle Mountain project in California with the objective of restarting production.

 

Posted February 13, 2018

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