Equinox Gold Corp. (TSX-V: EQX, OTC: LWLCF) has received $19.2 million from Pacific Road Resources Funds through the issuance of 21 million Equinox Gold common shares to Pacific Road pursuant to Pacific Road’s exercise of non-dilution rights, as previously announced on January 16, 2018.
Pacific Road’s non-dilution rights are being exercised in connection with the business combination (the “Business Combination”) completed on December 22, 2017 whereby Equinox Gold (formerly Trek Mining Inc.) acquired all issued and outstanding securities of NewCastle Gold Ltd. and Anfield Gold Corp.
Following the acquisition, Pacific Road will hold an aggregate of 44,824,968 Equinox Gold common shares representing approximately 10.1% of outstanding common shares.
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