VANCOUVER, Sept. 9, 2019 /CNW/ - Equinox Gold Corp. (TSX-V: EQX, OTC: EQXFD) ("Equinox Gold" or the "Company") is pleased to announce that the Company intends to list its common shares on the NYSE American stock exchange ("NYSE American") in the United States. Equinox Gold expects its common shares will commence trading on the NYSE American on or about September 16, 2019 under ticker symbol "EQX". Equinox Gold's common shares will continue trading on the TSX Venture Exchange under ticker symbol "EQX".
Christian Milau, CEO of Equinox Gold, commented: "Listing on the NYSE American enhances our already substantial presence in the United States, with both our Mesquite Mine and Castle Mountain project located in southern California. Further, listing on the NYSE American will provide trading flexibility for our U.S.-based and other investors and will increase Equinox Gold's market visibility in the United States and internationally."
Concurrent with the start of trading on the NYSE American, Equinox Gold's common shares will cease trading on the OTC Markets. Shareholders are not required to take any action. Equinox Gold recommends that investors who bought shares on the OTC Markets monitor their accounts to ensure their holdings correctly reflect the new ticker symbol, which may take up to two weeks for some brokerage accounts.
Equinox Gold's warrants will continue trading on the TSX Venture Exchange under ticker symbol "EQX.WT" and on the OTC Markets under ticker symbol "EQXWF". Equinox Gold's warrants will not be listed on the NYSE American.
In connection with the planned listing on the NYSE American, the Company has engaged the services of Renmark Financial Communications Inc. and Torrey Hills Capital, Inc. to assist with initial investor relations activities in the United States. In consideration for the services provided, Equinox Gold will pay Renmark C$7,000 per month for a period of four months and will pay Torrey Hills a fee of US$2,750 per city in which meetings are booked. Neither Renmark nor Torrey Hills has an interest, directly or indirectly, in Equinox Gold or its securities, or any right or intent to acquire such an interest.
On Behalf of the Board of Equinox Gold Corp.
CEO & Director
About Equinox Gold
Equinox Gold is a Canadian mining company with a multi-million-ounce gold reserve base and growth potential from three wholly-owned gold mines. The Company is producing gold from its Mesquite Gold Mine in California and its Aurizona Gold Mine in Brazil, and is advancing its Castle Mountain Gold Mine in California. Further information about Equinox Gold's portfolio of assets and long-term growth strategy is available at www.equinoxgold.com or by email at [email protected].
Neither the TSX Venture Exchange nor its Regulation Services Provider (as such term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Notes and Forward-looking Statements
This news release includes certain statements that constitute "forward-looking statements", and "forward-looking information" within the meaning of applicable securities laws collectively "forward-looking statements". These include statements regarding the Company's intent, or the beliefs or current expectations of the Company's officers and directors. When used in this new release, words such as "expects", "will", "will commence", "expectation", "may", "strategy", "objectives", "potential", "advancing" and similar expressions are intended to identify these forward-looking statements as well as phrases or statements that certain actions, events or results "may", "could", "would", "should", "occur" or "be achieved" or the negative connotation of such terms. As well, forward-looking statements may relate to the Company's future outlook and anticipated events, such as the Company's intention to commence listing on the NYSE American stock exchange, the Company's ability to successfully operate Mesquite and Aurizona and achieve the annual production and costs estimated for Mesquite and Aurizona, the Company's ability to successfully advance Castle Mountain and restart production, and the Company's ability to achieve its growth objectives. The Company has based these forward-looking statements largely on the Company's current expectations and projections about future events and financial trends affecting the financial condition of the Company's business. These forward-looking statements were derived using numerous assumptions regarding expected growth, results of operations, performance and business prospects and opportunities that could cause the Company's actual results to differ materially from those in the forward-looking statements and include but are not limited to: (1) there being no significant disruptions affecting Equinox Gold's operations or projects; (2) political, security and legal developments in jurisdictions where Equinox Gold operates or may in future operate, being consistent with Equinox Gold's current expectations; (3) the accuracy of Equinox Gold's mineral reserve and mineral resource estimates; (4) the exchange rates between the Canadian dollar, the U.S. dollar and the Brazilian reais being approximately consistent with current levels; (4) prices for key supplies, equipment, labour and material costs being consistent with Equinox Gold's current expectations; and (5) all required permits, licenses and authorizations being obtained from relevant governments in a timely manner or at all, or if obtained, remaining in place. While the Company considers these assumptions to be reasonable, based on information currently available, they may prove to be incorrect. Accordingly, readers are cautioned not to put undue reliance on these forward-looking statements. Forward-looking statements should not be read as a guarantee of future performance or results. Forward-looking statements are based on information available at the time those statements are made and/or management's good faith belief as of that time with respect to future events and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward-looking statements. Forward-looking statements speak only as of the date those statements are made. Except as required by applicable law, the Company assumes no obligation to update or to publicly announce the results of any change to any forward-looking statement contained or incorporated by reference herein to reflect actual results, future events or developments, changes in assumptions or changes in other factors affecting the forward-looking statements. If the Company updates any one or more forward-looking statements, no inference should be drawn that the Company will make additional updates with respect to those or other forward-looking statements. All forward-looking statements contained in this news release are expressly qualified in their entirety by this cautionary statement.
SOURCE Equinox Gold Corp.
For further information: Equinox Gold Contacts: Christian Milau, CEO, Rhylin Bailie, Vice President Investor Relations, Tel: +1 604-558-0560, Email: [email protected]