December 16, 2014 ‐ Equitas Resources Corp. (TSXv: EQT) (FSE: T6U1) (“Equitas” or the “Company”) is
pleased to announce a non‐brokered private placement of up to 5,000,000 flow‐through units (“FT
Units) at a price of $0.05 per FT Unit and up to 5,000,000 units (“Units”) at $0.05 per Unit for gross
proceeds of up to $500,000.
Each FT Unit will consist of one flow‐through common share and one half of one non flow‐through
common share purchase warrant in the capital of the Company. Each whole share purchase warrant (a
“Warrant”) is exercisable into one common share of the Company for a period of 24 months from
closing at a price of $0.10 per common share. Each Unit will consist of one non flow‐through common
share and one Warrant. Each Warrant is exercisable into one common share of the Company for a
period of 24 months from closing at a price of $0.10 per common share.
All the securities issuable will be subject to a four‐month hold period from the date of closing. The
private placement is subject to the approval of the TSX Venture Exchange. A finder’s fees may be
payable in connection with this private placement.
The proceeds of the private placement will be used to advance the Company’s exploration activities at
the Garland Property in Labrador, Canada, and for general working capital.
In addition, the Company would like to inform shareholders it has decided not to proceed with its option
on the Day property. Specific claims will be returned to the underlying prospector in accordance with
the terms of the option agreement. The remainder of the property remains in the Company’s possession
with no expenditures due until 2017.
On Behalf of the Board of Directors
EQUITAS RESOURCES CORP.
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.