Equinox Gold Issues $9.66 Million Convertible Notes to Pacific Road Resources Funds

VANCOUVER , Might 7, 2019 /CNW/ – Equinox Gold Corp. (TSX-V: EQX, OTC: EQXFF) (“Equinox Gold” or the “Firm”) has issued roughly $9.66 million in convertible notes (the “Notes”) to funds managed by Pacific Highway Assets Funds (“Pacific Highway”), pursuant to Pacific Highway’s pre-existing non-dilution proper associated to an funding settlement dated Might 7, 2015 . The Notes mature April 12, 2024 , bear curiosity at a hard and fast fee of 5% per yr payable quarterly in arrears and are convertible on the holder’s possibility into frequent shares (“Shares”) of the Firm at a conversion value of $1.05 per share. These are the identical phrases because the Firm’s beforehand introduced issuance of $130 million in convertible notes to Mubadala Funding Firm.

The Firm intends to make use of the proceeds from the Notes for normal company and dealing capital functions. The Notes, and the Shares into which the Notes are convertible, are topic to a maintain interval of 4 months plus at some point in accordance with relevant Canadian securities legal guidelines.

Pacific Highway is a long-term supportive shareholder of Equinox Gold, having made its preliminary funding in 2015 to assist the restructuring of the steadiness sheet and redevelopment of Equinox Gold’s Aurizona Gold Mine. Pacific Highway stays supportive of the Firm’s development agenda and its deal with monetary, social and environmental accountability.

www.equinoxgold.com or by e-mail at ir@equinoxgold.com.” data-reactid=”17″>Equinox Gold is a Canadian mining firm with a multi-million-ounce gold reserve base, gold manufacturing from its Mesquite Gold Mine in California , and near-term manufacturing from past-producing mines in Brazil and California. Commissioning is underway on the Firm’s Aurizona Gold Mine in Brazil and the Firm is advancing its Fortress Mountain Gold Mine in California . Additional details about Equinox Gold’s portfolio of belongings and its long-term development technique is obtainable at www.equinoxgold.com or by e-mail at ir@equinoxgold.com.

Neither the TSX Enterprise Change nor its Regulation Providers Supplier (as such time period is outlined within the insurance policies of the TSX Enterprise Change) accepts accountability for the adequacy or accuracy of this launch.” data-reactid=”19″>Neither the TSX Enterprise Change nor its Regulation Providers Supplier (as such time period is outlined within the insurance policies of the TSX Enterprise Change) accepts accountability for the adequacy or accuracy of this launch.

Story continues

www.sedar.com. Ahead-looking statements and data are designed to assist readers perceive administration’s views as of that point with respect to future occasions and converse solely as of the date they’re made. Besides as required by relevant legislation, the Firm assumes no obligation and doesn’t intend to replace or to publicly announce the outcomes of any change to any forward-looking assertion or info contained or integrated by reference to mirror precise outcomes, future occasions or developments, adjustments in assumptions or adjustments in different components affecting the forward-looking statements and data. If the Firm updates any a number of forward-looking statements, no inference needs to be drawn that the Firm will make extra updates with respect to these or different forward-looking statements. All forward-looking statements and data contained on this information launch are expressly certified of their entirety by this cautionary assertion.” data-reactid=”25″>The Firm cautions that forward-looking statements and data contain identified and unknown dangers, uncertainties and different components which will trigger precise outcomes and developments to vary materially from these expressed or implied by such forward-looking statements or info contained on this information launch and the Firm has made assumptions and estimates primarily based on or associated to many of those components.  Such components embody, with out limitation: fluctuations in gold costs; fluctuations in costs for vitality inputs, labour, supplies, provides and providers; fluctuations in foreign money markets; operational dangers and hazards inherent with the enterprise of mining (together with environmental accidents and hazards, industrial accidents, tools breakdown, standard or sudden geological or structural formations, cave-ins, flooding and extreme climate); insufficient insurance coverage, or lack of ability to acquire insurance coverage to cowl these dangers and hazards; worker relations; relationships with, and claims by, native communities and indigenous populations; the Firm’s skill to acquire all mandatory permits, licenses and regulatory approvals in a well timed method or in any respect; adjustments in legal guidelines, laws and authorities practices, together with environmental, export and import legal guidelines and laws; authorized restrictions regarding mining; dangers regarding expropriation; elevated competitors within the mining trade; and people components recognized within the Firm’s administration info round dated March 18, 2019 and in its MD&A for the yr ended December 31, 2018 , which can be found on SEDAR at www.sedar.com. Ahead-looking statements and data are designed to assist readers perceive administration’s views as of that point with respect to future occasions and converse solely as of the date they’re made. Besides as required by relevant legislation, the Firm assumes no obligation and doesn’t intend to replace or to publicly announce the outcomes of any change to any forward-looking assertion or info contained or integrated by reference to mirror precise outcomes, future occasions or developments, adjustments in assumptions or adjustments in different components affecting the forward-looking statements and data. If the Firm updates any a number of forward-looking statements, no inference needs to be drawn that the Firm will make extra updates with respect to these or different forward-looking statements. All forward-looking statements and data contained on this information launch are expressly certified of their entirety by this cautionary assertion.

http://www.prnewswire.com/news-releases/equinox-gold-issues-9-66-million-convertible-notes-to-pacific-road-resources-funds-300845817.html” data-reactid=”37″>View unique content material:http://www.prnewswire.com/news-releases/equinox-gold-issues-9-66-million-convertible-notes-to-pacific-road-resources-funds-300845817.html

SOURCE Equinox Gold Corp.

http://www.newswire.ca/en/releases/archive/May2019/07/c4017.html” data-reactid=”47″>View unique content material: http://www.newswire.ca/en/releases/archive/Might2019/07/c4017.html

Product categories

X