Mr. Greg Smith reports
EQUINOX GOLD EXTENDS CONVERTIBLE NOTES
Equinox Gold Corp. has agreed with the existing noteholders to amend certain terms of the $139.7-million principal 5.00 per cent convertible notes due April 12, 2024, and the $139.3-million principal 4.75 per cent convertible notes due March 10, 2025.
The maturity date of the 2024 notes will be extended by six months from April 12, 2024, to Oct. 12, 2024. There are no other changes to the terms of the 2024 notes. The maturity date of the 2025 notes will be extended by six months from March 10, 2025, to Sept. 10, 2025. In addition, the conversion price of the 2025 notes will be amended from $7.80 (U.S.) to $6.50 (U.S.).
Greg Smith, president and chief executive officer of Equinox Gold, commented, "Extending the maturity dates of the 2024 and 2025 notes significantly enhances our financial flexibility as we advance commissioning of our world-class Greenstone gold mine, which remains on track to pour gold this quarter."
The amendments are subject to the approval of the Toronto Stock Exchange.
About Equinox Gold Corp.
Equinox Gold is a growth-focused Canadian mining company with seven operating gold mines, commissioning under way at a new mine and a plan to achieve more than one million ounces of annual gold production from a pipeline of expansion projects. Equinox Gold's common shares are listed on the Toronto Stock Exchange and on NYSE American under the trading symbol EQX.
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