March 18th, 2014 - Equitas Resources Corp. (TSXv: EQT; FSE: T6U1) (the “Company” or “Equitas”) is pleased to announce that Mr. Emil Fung, B.A.Sc., MBA, a corporate development and finance specialist, has been added to the Company’s Advisory Board. Mr. Fung will assist Company management on corporate and financial matters.
Mr. Fung is an engineer by training, a former investment banker, and a business development specialist. He presently heads Harthouse Advisors, a boutique advisory firm specializing in international strategic advisory, corporate fund-raising and mergers & acquisitions for junior resource companies in the energy and resource industries. Previously, Mr. Fung served as a Director of TSX-listed CanAlaska Uranium and was responsible for the company’s successful corporate finance and development efforts.
Mr. Fung has worked extensively world-wide across a variety of industries and corporate functions. As a corporate financier, he worked on Wall Street with TD Securities in corporate finance and M&A. As an entrepreneur, he was a founding member and Chief Financial Officer of Hong Kong’s i-Cable, the territory’s premier cable television franchise. As a strategic advisor, he consulted for top S. Korean chaebols in financial and operational restructuring during the Asian economic crisis. As a venture capitalist, he founded and managed a private equity fund specializing in China private investments, realizing sizeable returns in capturing the forefront of the spectacular growth of Chinese private enterprise during the early millennium.
Mr. Fung is a B.A.Sc. graduate from the University of Toronto in chemical engineering. He also earned an M.B.A. degree in international business from Toronto’s Schulich School of Business and is presently completing his Masters of Laws (L.L.M.) degree at Toronto’s Osgoode Hall Law School.
“We are pleased that Emil has agreed to join our Advisory Board. Emil is a strong and experienced resource corporate development and finance executive and his experience and knowledge, particularly in seeing opportunities and building and bridging successful international partnerships, will help us in advancing the Company’s business objectives,” said Dave Hodge, President and CEO.
The Advisory Board consults with the Equitas Board of Directors and Management on the development of the Company’s projects as well as business and corporate development opportunities.
In conjunction with his appointment to the Advisory Board, the Company has granted Mr. Fung 400,000 incentive stock options exercisable for a period of five years from the date of grant at a price of $0.10 per share.
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. Zijin Mining Group Ltd. of China (through their subsidiary Yield Gold Group Ltd.) is a major shareholder of the company owning 17% of the Company. Zijin is a leading gold, copper and non-ferrous metals producer and refiner in Mainland China. For more information on the property portfolio and Equitas, please visit www.equitasresources.com or contact:
Toll Free: 1.877.377.6222
On Behalf of the Board of Directors
EQUITAS RESOURCES CORP.
President, CEO and Director
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