Equitorial Announces Non-Brokered Private Placement for up to $125,000

equities Canada |

Equitorial Exploration Corp. (the “Company”) (EXX:CA) , announces that it will conduct, subject to a regulatory approval, a non-brokered private placement (the “Private Placement”) of units of the Company (each a “Unit”) at a price of $0.15 per Unit to raise gross proceeds of up to $125,000.   Each Unit will consist of one common share of the Company and one half of one transferable share purchase warrant (each whole warrant a “Warrant”). Each Warrant shall be exercisable to acquire one additional common share of the Company for a period of two years at a price of $0.25 per common share.


The Private Placement is subject to TSX Venture Exchange (the “Exchange”) approval.


All securities issued under the Private Placement will be subject to a four-month hold period from the date of issuance.


The Company may pay a finder’s fee in accordance with the Exchange policies and applicable securities legislation. The proceeds of the Private Placement will be used to finance the Company’s various projects and for general working capital.


On behalf of the Board of Directors
EQUITORIAL EXPLORATION CORP.   “Dean Pekeski”
Dean Pekeski, President and Director

For further information, please contact either Dean Pekeski or Patrick Power at 604-689-1799.

Neither the 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.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer

Comments

Emerging Growth

Taranis Resources Inc.

Taranis Resources Inc is an exploration stage company. The Company along with its subsidiaries is engaged in the acquisition and exploration of mineral properties. Its projects include Thor Property in…

Private Markets

Dropbox, Inc.

Dropbox is a service that allows their users to bring all photos, docs, and videos anywhere, and share them easily. Any file saved to Dropbox will automatically save to all…

WayBetter

The spark hit Jamie when he saw co-workers competing to lose weight. Instead of pizzas and subs, they were eating salads and jogging along the river. Some were sneakily leaving…