VANCOUVER, Aug. 20, 2019 /CNW/ - Equinox Gold
Corp. (TSX-V: EQX, OTC: EQXFF) ("Equinox Gold" or the
"Company") is pleased to announce that it has completed its
previously announced consolidation of the common shares of the
Company at a ratio of five pre-consolidation common shares for one
post-consolidation common share (the "Consolidation").
Common shares of the Company will begin trading on a consolidated
basis under the existing trading symbol at market open. As a result
of the Consolidation, shares issuable pursuant to the Company's
outstanding options, warrants, restricted share units and other
convertible securities will be proportionally adjusted on the same
basis.
Equinox Gold completed the Consolidation in order to pursue a
dual listing on a U.S. stock exchange. The Consolidation reduced
the number of Equinox Gold's outstanding common shares from
566,278,712 common shares to approximately 113,255,742 common
shares. No fractional common shares will be issued in connection
with the Consolidation.
On Behalf of the Board of Equinox Gold Corp.
"Christian Milau"
CEO & Director
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.
Cautionary Notes and Forward-looking
Statements
This news release includes certain statements that constitute
"forward-looking statements", and "forward-looking information"
within the meaning of applicable securities laws collectively
"forward-looking statements". These include statements
regarding the Company's intent, or the beliefs or current
expectations of the Company's officers and directors. When used in
this new release, words such as "will", "would", "subject to",
"anticipates", "at which time", "will allow", "pursue" and similar
expressions are intended to identify these forward-looking
statements as well as phrases or statements that certain actions,
events or results "may", "could", "would", "should", "occur" or "be
achieved" or the negative connotation of such terms. As well,
forward-looking statements may relate to the Company's future
outlook and anticipated events, such as the Company's intention to
consolidate its shares in order to pursue a listing on a U.S. stock
exchange. Forward-looking statements are based on information
available at the time those statements are made and/or management's
good faith belief as of that time with respect to future events and
are subject to risks and uncertainties that could cause actual
performance or results to differ materially from those expressed in
or suggested by the forward-looking statements. Forward-looking
statements speak only as of the date those statements are made.
Except as required by applicable law, the Company assumes no
obligation to update or to publicly announce the results of any
change to any forward-looking statement contained or incorporated
by reference herein to reflect actual results, future events or
developments, changes in assumptions or changes in other factors
affecting the forward-looking statements. If the Company updates
any one or more forward-looking statements, no inference should be
drawn that the Company will make additional updates with respect to
those or other forward-looking statements. All forward-looking
statements contained in this news release are expressly qualified
in their entirety by this cautionary statement.
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SOURCE Equinox Gold Corp.
