VANCOUVER, Sept. 24, 2014 /CNW/ - Equitas Resources Corp. ("Equitas" or the "Company") (TSXv: EQT; FSE: T6U1) announces that, further to its news release dated August 19, 2014 and the special shareholders meeting held September 15, 2014, the TSX Venture Exchange has accepted the consolidation of the common shares of the Company on the basis of three (3) pre-consolidation common shares for one (1) post-consolidation common share (the "Consolidation"). The Consolidation will become effective at the opening of the market on September 29, 2014.
Currently, a total of 51,037,415 common shares are issued and outstanding. Accordingly, upon the Consolidation becoming effective, a total of approximately 17,012,471 common shares will be issued and outstanding. There is no maximum number of authorized common shares.
Computershare Trust Company of Canada ("Computershare") will mail letters of transmittal to the shareholders providing instructions on exchanging pre-Consolidation share certificates for post-Consolidation share certificates. Shareholders are encouraged to send their share certificates, together with their letter of transmittal, to Computershare in accordance with the instructions in the letter of transmittal.
On Behalf of the Board of Directors
EQUITAS RESOURCES CORP.
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.
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.
SOURCE: Equitas Resources Corp.
For further information: David Hodge, President, Tel: 604.681.1568