VANCOUVER, Feb. 26, 2014 /CNW/ - Equitas Resources Corp. (TSXv: EQT; FSE: T6U1) (the "Company" or "Equitas") is pleased to announce that Mr. Ryan Fletcher and Mr. David Hodge have joined the Company's Board of Directors.
Mr. Fletcher is a Director of Zimtu Capital Corp. (TSXv: ZC; FSE: ZCT1). Mr. Fletcher joined Zimtu in 2009, as Corporate Development, and has been responsible for identifying and sourcing projects, structuring companies and investments, marketing group companies, capital raising and business development. Mr. Fletcher is a graduate of the University of British Columbia Okanagan, with a Bachelor of Arts Degree in Economics. Mr. Fletcher is also President, CEO and Director of Montan Capital Corp. (TSXv: MO.P) and a Director of Lakeland Resources Inc. (TSXv: LK; FSE: 6LL). Mr. Fletcher is also active with the Association for Mineral Exploration British Columbia (AME BC) and serves on their Communications Committee.
Mr. David Hodge was recently appointed President and CEO of Equitas Resources Corp. (see news release of Feb 7, 2014) and has now joined the Board.
Mr. Christopher Grove has resigned as a Director of the Company. The Board of Directors would like to thank Mr. Grove for his contributions to the Company.
In conjunction with the recent changes and appointments, the Board has approved the granting of 3,300,000 incentive options to directors, officers, consultants and insiders of the issuer of which 1,250,000 are allocated to insiders of the Company. The options are exercisable at a price of $0.10 per common share for a period of 5 years from the date of grant.
About Zimtu Capital Corp.
Zimtu Capital Corp. is a significant shareholder of the Company and currently owns 8,403,000 common shares or 16.46% of the current issued and outstanding. Zimtu is a public investment issuer that invests in, creates and grows natural resource companies. Zimtu has funded or helped launch several resource companies and the company's consistent, long-term results has earned loyalty among its shareholders and the support of its partners and peers.
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]