Mr. Christian Milau reports
EQUINOX GOLD RECEIVES C$19.2 MILLION FROM PACIFIC ROAD RESOURCES FUNDS
Equinox Gold Corp. has received $19.2-million from Pacific Road Resources Funds and issued 21 million Equinox Gold common shares to Pacific Road pursuant to Pacific Road's exercise of non-dilution rights, as previously announced on Jan. 16, 2018. The shares are subject to a four-month hold period expiring on June 9, 2018. No finders' fees or commissions were paid in connection with the share issuance.
The $19.2-million is in addition to the approximately $89.4-million ($71.3-million (U.S.)) in cash and marketable securities that Equinox Gold had at Dec. 31, 2017. Construction of Equinox Gold's Aurizona gold mine in Brazil is fully financed with the company's existing treasury and a $85-million (U.S.) secured project credit facility, of which $15-million (U.S.) has already been drawn.
About Equinox Gold Corp.
Equinox Gold is a Canadian mining company with a multimillion-ounce gold resource base, near-term and growing gold production from two past-producing mines in Brazil and California, and a long-term growth platform with a diverse portfolio of gold and copper assets in North and South America. Construction is under way at the company's Aurizona project in Brazil with the objective of pouring gold by year-end 2018, and a prefeasibility study is under way at the company's Castle Mountain project in California with the objective of restarting production.
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