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Equitas Resources closes C$1M placement oversubscribed, raising C$1.5M

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Equitas Resources closes C$1M placement oversubscribed, raising C$1.5M

Equitas ResourcesCorp. said April 7 that it closed a previously announced C$1 million private placement oversubscribed,raising C$1.5 million.

The company issued a total of 30 million units. It previouslyplanned to issue only up to 20 million units.

Proceeds will be used for corporate development, general andadministrative costs and toward the acquisitionof a 100% interest in Alta FlorestaGold Ltd.