Equinox Gold Issues $9.66 Million Convertible Notes to Pacific Road Resources Funds

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Algemeen advies 08/05/2019 01:58
All amounts are in United States dollars unless otherwise indicated

Equinox Gold Corp. (TSX-V: EQX, OTC: EQXFF) (“Equinox Gold” or the “Company”) has issued approximately $9.66 million in convertible notes (the “Notes”) to funds managed by Pacific Road Resources Funds (“Pacific Road”), pursuant to Pacific Road’s pre-existing non-dilution right related to an investment agreement dated May 7, 2015. The Notes mature April 12, 2024, bear interest at a fixed rate of 5% per year payable quarterly in arrears and are convertible at the holder’s option into common shares (“Shares”) of the Company at a conversion price of $1.05 per share. These are the same terms as the Company’s previously announced issuance of $130 million in convertible notes to Mubadala Investment Company.

The Company intends to use the proceeds from the Notes for general corporate and working capital purposes. The Notes, and the Shares into which the Notes are convertible, are subject to a hold period of four months plus one day in accordance with applicable Canadian securities laws.

About Pacific Road

Pacific Road is a long-term supportive shareholder of Equinox Gold, having made its initial investment in 2015 to support the restructuring of the balance sheet and redevelopment of Equinox Gold’s Aurizona Gold Mine. Pacific Road remains supportive of the Company’s growth agenda and its focus on financial, social and environmental responsibility.

About Equinox Gold

Equinox Gold is a Canadian mining company with a multi-million-ounce gold reserve base, gold production from its Mesquite Gold Mine in California, and near-term production from past-producing mines in Brazil and California. Commissioning is underway at the Company’s Aurizona Gold Mine in Brazil and the Company is advancing its Castle Mountain Gold Mine in California. Further information about Equinox Gold’s portfolio of assets and its long-term growth strategy is available at www.equinoxgold.com or by email at ir@equinoxgold.com.

Cautionary Notes and Forward-Looking Statements

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. Etc. etc..

Equinox Gold Yesterday Vol. 693.000
Time X Price Chg Vol Buyer Seller Markers
15:59:59 V 1.13 +0.05 100 79 CIBC 1 Anonymous K
15:59:59 V 1.13 +0.05 5,400 79 CIBC 1 Anonymous K
15:59:31 M 1.13 +0.05 200 1 Anonymous 1 Anonymous K





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