Equinox Resources settles $4 million capital raising

Equinox Resources Limited (ASX: $EQN) has settled the Placement announced on 14 May 2024, raising $4,000,000 through the issue of 20,000,000 new fully paid ordinary shares at an offer price of $0.20 per new share. The Placement is set to take place in two tranches, with one free attaching option for every three New Shares subscribed for, at a strike price of $0.30 and a three year expiry date, subject to shareholder approval at a general meeting of shareholders to be held shortly. The funds raised will be allocated to working capital and preliminary exploration activities at the Company's rare earth projects in Brazil and Hamersley Iron Ore project in the Pilbara. An Appendix 2A and cleansing notice has been lodged in respect of this matter.

Equinox Resources' Forward Looking Statements

This announcement may contain certain forward-looking statements and projections. Such forward-looking statements/projections are estimates for discussion purposes only and should not be relied upon. Forward-looking statements/projections are inherently uncertain and may therefore differ materially from results ultimately achieved. Equinox Resources Limited does not make any representations and provides no warranties concerning the accuracy of the projections and disclaims any obligation to update or revise any forward-looking statements/projects based on new information, future events or otherwise except to the extent required by applicable laws. While the information contained in this report has been prepared in good faith, neither Equinox Resources Limited or any of its directors, officers, agents, employees, or advisors give any representation or warranty, express or implied, as to the fairness, accuracy, completeness or correctness of the information, opinions and conclusions contained in this announcement.

Equinox Resources' Capital Raising Summary

Equinox Resources Limited (ASX: $EQN) has successfully settled the Placement, raising $4,000,000 through the issue of 20,000,000 new fully paid ordinary shares at an offer price of $0.20 per new share. The Placement is set to take place in two tranches, with one free attaching option for every three New Shares subscribed for, at a strike price of $0.30 and a three year expiry date, subject to shareholder approval at a general meeting of shareholders to be held shortly. The funds raised will be allocated to working capital and preliminary exploration activities at the Company's rare earth projects in Brazil and Hamersley Iron Ore project in the Pilbara. The company advises that this announcement may contain certain forward-looking statements and projections, which are estimates for discussion purposes only and should not be relied upon. Equinox Resources Limited does not make any representations and provides no warranties concerning the accuracy of the projections and disclaims any obligation to update or revise any forward-looking statements/projects based on new information, future events or otherwise except to the extent required by applicable laws.