Mr. Christian Milau reports
EQUINOX GOLD AND SOLARIS COPPER ANNOUNCE COMPLETION OF ARRANGEMENT
Equinox Gold Corp. and Solaris Copper Inc. have completed the previously announced plan of arrangement under the Business Corporations Act (British Columbia) with Equinox Gold's securityholders effective as at 12:01 a.m. PT on Aug. 3, 2018.
Pursuant to the arrangement, the owners of common shares of Equinox Gold will receive: (i) one new common share of Equinox Gold for each common share of Equinox Gold held at the close of business on Aug. 2, 2018; and (ii) one-10th of a Solaris Copper share for each common share of Equinox Gold held at the close of business on Aug. 2, 2018. For further details, please refer to the company's management information circular dated June 20, 2018, which is available at SEDAR.
Early warning
Prior to the closing of the arrangement, Equinox Gold completed an internal reorganization on Aug. 2, 2018, in which certain assets of Equinox Gold were transferred to Solaris Copper.Prior to the internal reorganization, Equinox Gold held the only Solaris Copper share issued and outstanding.Following the internal reorganization and arrangement, Equinox Gold had ownership and control over 29,775,514 Solaris Copper shares, representing 40 per cent of the issued and outstanding Solaris Copper shares.Equinox Gold holds the Solaris Copper shares for investment purposes and may or may not purchase or sell securities of Solaris Copper in the future, depending on market conditions and other factors. Equinox Gold currently has no other plans or intentions that relate to its investment in Solaris Copper. Depending on market conditions, general economic and industry conditions, Solaris Copper's business and financial condition and/or other relevant factors, Equinox Gold may develop other plans or intentions in the future relating to one or more of the above items.
For further information and to obtain a copy of the early warning report filed under applicable Canadian securities laws in connection with the acquisition of Solaris Copper shares by Equinox Gold, please see Solaris Copper's SEDAR profile.
We seek Safe Harbor.
© 2018 Canjex Publishing Ltd. All rights reserved.