VANCOUVER, Feb. 28, 2014 /CNW/ - Equitas Resources Corp. (TSXv: EQT; FSE: T6U1) (the "Company" or "Equitas") is pleased to announce the establishment of an Advisory Board and the appointment of Cary Pothorin, B.Sc., P.Geo., as its initial member.
Mr. Pothorin's career in the mining and mineral exploration industry spans over 20 years, with a specialization in precious and base metals. Mr. Pothorin is currently owner of Cordillera Geological Consulting, a mineral exploration, consulting and project management company based in Nanaimo, British Columbia, Canada. Mr. Pothorin has been involved with exploration and resource development at several significant porphyry copper deposits, including the Mt. Milligan and Lorraine Cu-Au Projects in British Columbia, the Aguila Cu-Mo and Pinaya Cu-Au Projects in Peru, the Taca Taca Cu-Au Project in Argentina, and the Leon Mo Project in Mexico. He holds a B.Sc. degree in geology from the University of Alberta, and is a registered Professional Geologist with APEGBC.
"We are honored to have Mr. Pothorin join our expanding team and establish the Advisory Board," said David Hodge, President and CEO of Equitas. "Cary brings a wealth of technical skill to our team and his experience and expertise will be invaluable to the future development of the Company."
The Advisory Board will consult with the Equitas Board of Directors and Management on the development of the Company's exploration projects as well as business and corporate development opportunities.
In conjunction with his appointment to the Advisory Board, the Company has granted Mr. Pothorin 175,000 incentive stock options exercisable for a period of five years from the date of grant at a price of $0.10 per share.
About Equitas Resources Corp.
Equitas Resources Corp. is a mineral exploration company that specializes in acquiring, exploring and advancing mineral properties. Equitas has a portfolio of base metal and precious metal projects in British Columbia and the Northwest Territories.
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.
Information set forth in this news release may involve forward-looking statements under applicable securities laws. Forward-looking statements are statements that relate to future, not past, events. In this context, forward-looking statements often address expected future business and financial performance, and often contain words such as "anticipate", "believe", "plan", "estimate", "expect", and "intend", statements that an action or event "may", "might", "could", "should", or "will" be taken or occur, or other similar expressions. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the following risks: the need for additional financing; operational risks associated with mineral exploration; fluctuations in commodity prices; title matters; environmental liability claims and insurance; reliance on key personnel; the potential for conflicts of interest among certain officers, directors or promoters with certain other projects; the absence of dividends; competition; dilution; the volatility of our common share price and volume and the additional risks identified in the management discussion and analysis section of our interim and most recent annual financial statement or other reports and filings with the TSX Venture Exchange and applicable Canadian securities regulations. Forward-looking statements are made based on management's beliefs, estimates and opinions on the date that statements are made and Equitas undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change, except as required by applicable securities laws. Investors are cautioned against attributing undue certainty to forward-looking statements.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) has reviewed or accepts responsibility for the adequacy or accuracy of this release.
SOURCE: Equitas Resources Corp.
For further information:
For more information on the property portfolio and Equitas, please visit www.equitasresources.com or contact:
Toll Free: 1.877.377.6222
Email: [email protected]