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File: 14-08-19 FINAL NEWS RELEASE - Equitas Resources Announces Share Consolidation.pdf
Equitas Resources Announces Share Consolidation
Vancouver, British Columbia, August 19, 2014 - Equitas Resources Corp. ("Equitas" or the "Company") (TSX -V: EQT Frank
--->furt: T6U1)
announces that it has mailed out the Information Circular with respect to its special meeting of shareholders schedule
--->d for
September 15, 2014 (the "Meeting"). As part of that Meeting, shareholders of the Company will be asked to approve a sp
--->ecial
resolution (the "Consolidation Resolution") approving the consolidation of the is sued and outstanding common shares o
--->f the
Company on a one (1) for three (3) basis (the "Consolidation"). The 51,037,415 common shares of the Company outstandin
--->g would
reduce to approximately 17,012,472 common shares, once approved by shareholders and the TSX Venture Exchange ("TSX-V")
--->.
In the event the Consolidation Resolution is approved, the Company's outstanding options will be re-priced to an exerc
--->ise price per
share equal to the greater of (a) $0.10 per share, and (b) the Discounted Market Price (as defined in the policies of
--->the TSX-V) on the
date that is ten calendar days after the completion of the Consolidation.
The details of the share consolidation are included in the information circular and shareholders will vote in the Comp
--->any's upcoming
Meeting.
About Equitas Resources
Equitas Resources Corp. is a Canadian mineral resource company trading on the TSX Venture under the symbol "EQT" and o
--->n the
Frankfurt Stock Exchange as "T6U1". Equitas has a portfolio of base and precious metal projects in Canada. With an exp
--->erienced,
dedicated management team, strong technical expertise, strategic partnerships and extensive network Equitas is focused
---> on
creating value for shareholders through identifying and developing early stage mineral deposits.
We encourage you to learn more about our team, the business model, key properties and our strategic partners by visiti
--->ng our
website: www.equitasresources.com.
On Behalf of the Board of Directors,
"David Hodge"
David Hodge
President, Chief Executive Officer
And Director
For further information, please contact:
Sean Kingsley
Manager, Corporate Communications
Toll free: 1.877.377.6222
Office: 604.681.1568
Mobile: 604.440.8474
info@equitasresources.com
This press release may contain forward-looking statements, including but not limited to comments regarding predictions
---> and
projections. Forward-looking statements address future events and conditions and therefore involve inherent risks and
uncertainties. Actual results may differ materially from those currently anticipated in such statements.
Neither the TSX Venture nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of th
--->is release.
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