Equitas Resources Corp. Completes Due Diligence and Signs Definitive Agreement to Acquire Alta Floresta Gold Ltd.
– Momentum Public Relations – March 7, 2016
Equitas Resources Corp. (TSXv: EQT) (FSE: T6UN) (USA: EQTRF) (“Equitas” or the “Company”) is pleased to announce it has signed a definitive agreement to acquire a 100{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} interest in Alta Floresta Gold Ltd. (“Alta Floresta Gold”). Upon regulatory approval of the acquisition, Equitas plans to construct a gravity plant to expand the current production activities at the Cajueiro gold zones.
Alta Floresta Gold Ltd. is a private company which holds a 60{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} equity interest in Alta Floresta Mineracao Ltd. (“Alta Floresta Mineracao”). Alta Floresta Mineracao holds six gold properties, and four production licences, over 184,410 hectares of land in the Mato Grosso and Para states of Brazil. Alta Floresta Mineracao is focused on production activities and defining additional gold resources at the Cajueiro Project.
About Equitas Resources Corp.
Equitas Resources is a Canadian-based mineral exploration company with a focus on nickel, copper, platinum group metals (PGM) and cobalt. The Company’s Garland Property is 23,386 hectares and located in the Voisey’s Bay district of Labrador, Canada. Upon approval of the definitive agreement Equitas will become a Canadian-based mineral production, development and exploration company.
For more information on Equitas Resources please visit our website at: www.equitasresources.com.