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.
"David Hodge"
David Hodge
Director
Tel: 604.681.1568
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.