Equitas Resources (EQT.V) followed up the successful closure of its recently announced non-brokered private placement by announcing today that the company had appointed two new Directors and intends to change the company name to Altamira Gold.

According to the news release, the company appointed Ioannis (Yannis) Tsitos and Ian Talbot as Directors while Dale Hodge, President and Director of Zimtu Capital, and Everett Makela, 30-yr exploration veteran, both resigned their posts on the Board.

Tsitos, a physicist-geophysicist, raked up 26 successful years in mining with companies such as BHP Billiton and sits as President and Director of Goldsource Mines.

Talbot serves as President, CEO and Director of Arcus Development Group, and has over 25 years of experience as both a lawyer and exploration geologist in the sector.

Come Tuesday, the company will no longer be answering the phones as Equitas Resources, instead the company’s common shares will begin trading under the name of Altamira Gold Corp and ticker symbol “ALTA” on the TSX Venture Exchange.

The company also announced that it had entered into an agreement to modify the acquisition terms of the Garland Nickel project, originally announced September 24, 2014. The amendment compensates for the share consolidation announced December 31, 2016. The final option payment is now agreed to be 592,592 shares in Equitas. Should Equitas exercise its option, a portion comprising 148,148 shares will be issued to Ridge Resources, a company controlled by a director.

Look for Altamira Gold (ALTA.V) this Tuesday!

 

FULL DISCLOSURE: Equitas Resources is NOT an EQUITY.GURU client.

Written By:

Gaalen Engen

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Gold
Mining
Nickel
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ALTA.V
Altamira Gold Corp
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