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Copper and Uranium mine in S. Africa
Message: Announces Completion of Equity Offering
| April 22, 2009 |
| Equinox Announces Completion of Equity Offering |
| TORONTO, ONTARIO--(Marketwire - April 22, 2009) - NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES Equinox Minerals Limited (TSX:EQN)(ASX:EQN) ("Equinox" or the "Company") announced today that it has completed its previously announced public offering, including the share issuance pursuant to the related over-allotment option which was exercised in full, and has issued a total of 102,235,000 common shares of the Company (the "Shares") at a price of Cdn$1.80 per Share for gross proceeds of Cdn$184,023,000 (the "Offering"). The syndicate of underwriters for the Offering was led by CIBC World Markets Inc. and Goldman Sachs Canada Inc., an affiliate of Goldman Sachs JBWere Pty Ltd., and included Cormark Securities Inc., GMP Securities L.P., Paradigm Capital Inc., Raymond James Ltd., Macquarie Capital Markets Canada Ltd. and UBS Securities Canada Inc. (collectively, the "Underwriters"). CIBC World Markets Inc. and Goldman Sachs JBWere Pty Ltd. were the joint book runners for the transaction. Equinox intends to use the net proceeds of the Offering to improve its cash position, to evaluate and fund expansion opportunities at the Lumwana Project, to purchase and extinguish an existing net smelter return royalty in connection with the Lumwana Project, and for general corporate purposes. The share issuance included Shares issued in the form of CHESS Depository Interests which are used to settle transactions electronically on the ASX. Equinox hereby gives the ASX notice pursuant to Section 708A(5)(e) of the Corporations Act (Australia) that the Shares were issued without disclosure to investors under Part 6D.2 of the Corporations Act, in reliance on Section 708A(5)(e) of the Corporations Act. The Company, as at the date of this notice, has complied with: (a) the provisions of Chapter 2M of the Corporations Act as they apply to the Company; and (b) section 674 of the Corporations Act. There is no excluded information for the purposes of Sections 708A(7) and (8) of the Corporations Act. This press release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States or any other jurisdiction outside of Canada, nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. The Shares offered have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the "1933 Act"), or any state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the 1933 Act and applicable state securities laws. Craig R. Williams - President & Chief Executive Officer For information on Equinox and technical details on the Lumwana Project please refer to the company website at www.equinoxminerals.com. |
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