VANCOUVER, April 6, 2015 /CNW/ - Equitas Resources Corp. (TSXv: EQT) (FSE: T6UN) ("Equitas" or the "Company") is pleased to announce that it has retained Performance Capital Advisors (Performance Capital) as its investor relations firm – subject to the TSX Venture Exchange approval.
Performance Capital, led by Gordon Monk, will provide market awareness, investor relations services and strategic business development. Gordon was previously a Director of Institutional Equity Sales at Knightswood Financial, Director of Sales at Qwest, and an Investment Advisor at Canaccord Genuity Wealth Management.
Kyler Hardy, President of Equitas, comments: "We are extremely pleased to welcome Performance Capital to our team. With strong connections within the investment community we have confidence that the Performance Capital team is a strong fit for the future growth of Equitas."
The agreement is for a 6-month period and provides a monthly fee of $7,500. Performance Capital will also receive 250,000 incentive stock options at an exercisable price of $0.10 per share exercisable for a period of two years, and vesting as to 25% each quarter.
Additionally, Equitas is pleased to announce the appointment of BankM as its designated sponsor on the Frankfurt Stock Exchange. Designated sponsors secure higher liquidity and a better pricing by quoting binding prices for buying and selling shares on the electronic XETRA trading platform® for the European community. Equitas recognizes the importance of providing equal amounts of service and disclosure to all of its investors.
About Equitas Resources Corp.
Equitas Resources Corp. is a Canadian-based mineral exploration company with a focus on nickel, platinum group metals (PGM) and cobalt. The Company is engaged in the acquisition, exploration and development of mineral properties. Its Garland Property is 25,050 hectares and located approximately 30 kilometres south-east of the Voisey's Bay mine in Labrador, Canada.
On Behalf of the Board of Directors,
EQUITAS RESOURCES CORP.
Performance Capital Advisors
Neither TSX Venture Exchange nor its 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.
It is important to note that actual outcomes and the Company's actual results could differ materially from those in such forward-looking statements. 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 may include misinterpretation of data; that we may not be able to get equipment or labour as we need it; that we may not be able to raise sufficient funds to complete our intended exploration and development; that our applications to drill may be denied; that weather, logistical problems or hazards may prevent us from exploration; that equipment may not work as well as expected; that analysis of data may not be possible accurately and at depth; that results which we or others have found in any particular location are not necessarily indicative of larger areas of our properties; that we may not complete environmental programs in a timely manner or at all; that market prices for nickel may not justify commercial production costs; and that despite encouraging data there may be no commercially exploitable mineralization on our properties.
Readers should refer to the risk disclosures outlined in the Company's Management Discussion & Analysis of its audited financial statements filed with the British Columbia Securities Commission.
SOURCE Equitas Resources Corp.
For further information: Kyler Hardy, President, Tel: 604.681.1568