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
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.

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