Equity Metals Expands Private Placement

Equity Metals (TSE:EQTY) has released an update.

Equity Metals Corporation has announced an extension to the closing date of its private placement offering by 30 days and an increase in the number of securities offered, aiming to raise $4,059,200 through Charity/Premium flow-through units. The funds raised will notably finance a 6,000+ meter drill program for the initial delineation of two new target areas at the Silver Queen gold/silver project in British Columbia, with drilling to continue into the summer. In addition, the company may pay finders’ fees and all issued securities will be subject to a four-month hold period.

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