VANCOUVER, March
18, 2014 /CNW/ - 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.
On Behalf of the Board of Directors
EQUITAS RESOURCES CORP.
"David Hodge"
David Hodge
President, CEO and Director
Tel: 604.681.1568
Neither TSX Venture Exchange nor its
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policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
Information set forth in this news release may
involve forward-looking statements under applicable securities
laws. Forward-looking statements are statements that relate to
future, not past, events. In this context, forward-looking
statements often address expected future business and financial
performance, and often contain words such as "anticipate",
"believe", "plan", "estimate", "expect", and "intend", statements
that an action or event "may", "might", "could", "should", or
"will" be taken or occur, or other similar expressions. By their
nature, forward-looking statements involve known and unknown risks,
uncertainties and other factors which may cause our actual results,
performance or achievements, or other future events, to be
materially different from any future results, performance or
achievements expressed or implied by such forward-looking
statements. Such factors include, among others, the following
risks: the need for additional financing; operational risks
associated with mineral exploration; fluctuations in commodity
prices; title matters; environmental liability claims and
insurance; reliance on key personnel; the potential for conflicts
of interest among certain officers, directors or promoters with
certain other projects; the absence of dividends; competition;
dilution; the volatility of our common share price and volume and
the additional risks identified in the management discussion and
analysis section of our interim and most recent annual financial
statement or other reports and filings with the TSX Venture
Exchange and applicable Canadian securities regulations.
Forward-looking statements are made based on management's beliefs,
estimates and opinions on the date that statements are made and
Equitas undertakes no obligation to update forward-looking
statements if these beliefs, estimates and opinions or other
circumstances should change, except as required by applicable
securities laws. Investors are cautioned against attributing undue
certainty to forward-looking statements.
Neither TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) has reviewed or accepts
responsibility for the adequacy or accuracy of this
release.
SOURCE Equitas Resources Corp.