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Questions and Answers
Equinox Gold's common shares trade in Canada on the TSX-V under the symbol "EQX" and in the United States on the OTC under the symbol "EQXGF".
Equinox Gold's warrants trade in Canada on the TSX-V under the symbol "EQX.WT" and in the United States on the OTC under the symbol "EQXWF".
Trek Mining shares and warrants converted into Equinox Gold shares and warrants on a 1:1 ratio, with no change to the number of securities and no change to the warrant exercise price and date. If your shares and warrants are deposited in a trading account, the conversion will have happened automatically. If your shares and warrants are NOT deposited in a trading account and you want updated Equinox Gold certificates or DRS Advice, then you will need to exchange your share and warrant certificates or DRS Advice with Computershare. There is no requirement to change your certificates or DRS Advice, however, as the securities are only subject to a name change and remain valid.
NewCastle shares and warrants converted into Equinox Gold shares and warrants on a 1:0.873 ratio. If you held 1,000 NewCastle shares before the merger, you held 873 Equinox Gold shares after the merger. The shares issuable upon exercise of warrants also converted at the exchange ratio, so 1000 NewCastle warrants became exercisable for 873 Equinox Gold common shares, and the exercise price was likewise converted so that the old exercise price was divided by the 0.873 ratio to get the new exercise price (warrants with a $0.64 exercise price now have a $0.73 exercise price, etc.), but there was no change to the expiry date.
Anfield shares converted into Equinox Gold shares on a 1:0.407 ratio. If you held 1,000 Anfield shares before the merger, you held 407 Equinox Gold shares after the merger.
Shares and warrants that are held in an online trading account would have converted automatically into Equinox Gold shares and warrants.
If you hold your NewCastle or Anfield shares as physical share certificates or DRS statements, those documents remain valid for a period of up to six years and do not need to be replaced immediately. NewCastle warrants will be exercisable for Equinox shares until their date of expiry and will not need to be exchanged. Letters of Transmittal were mailed out to NewCastle and Anfield shareholders to explain how to exchange your physical certificates or DRS Advice. These are also available by contacting us at email@example.com.
If you hold your Trek Mining shares or warrants as physical certificates or DRS statements, there is no requirement to have them re-issued as Equinox Gold. Even though they say Trek Mining, they remain valid and will be honoured as Equinox Gold shares/warrants when you are ready to deposit them into an account to trade them. If you DO want to have them re-issued as Equinox Gold certificates or DRS statements, you need to contact Computershare at 1-800-564-6253 and they can provide instructions on what forms you need to fill out, where to send your certificates, etc.
If you hold your NewCastle or Anfield shares as physical share certificates or DRS statements, those documents remain valid for a period of up to six years and do not need to be replaced immediately. NewCastle warrants will be exercisable for Equinox shares until their date of expiry and will not need to be exchanged. Letters of Transmittal will be mailed out to NewCastle and Anfield shareholders to explain how to exchange your physical certificates or DRS Advice. These will also be available by contacting us at firstname.lastname@example.org.
Shares purchased by US investors are “legended” and must have the legend/restriction removed before they can be deposited. Depending on which brokerage firm you use they may not be able to work with your DRS Advice and you may need to ask Computershare to issue certificates, which will then need to have the legend removed before they can be deposited.
Ideally your brokerage firm will have a Canadian intermediary that can facilitate this process. Some US brokerage firms find the legend removal process complicated.
In your subscription agreement paperwork there is an "Appendix 1 to Schedule C" form that is the Form of Declaration for Removal of U.S. Legend. This form needs to be filled out, medallion guaranteed and mailed to Computershare Investor Services as per the instructions below. If you cannot find this form or your broker does not understand the process, please email email@example.com and we will assist you with the process.
Mail your declaration form to:
Computershare Investor Services
Attn: Stock Transfer Department – For certificate issuance from DRS
Attn: Securities Transfer – For Legend Removal Requests
9th Floor, North Tower, 100 University Avenue
Toronto, ON, Canada M5J 2Y1
Our focus is advancing the Aurizona Gold Mine into production in Brazil. Early works construction is underway and we are on track to pour gold by late 2018.
We are also completing a prefeasibility study for the Castle Mountain gold project in California, with the objective of restarting production. We expect to publish the results of the prefeasibility study in mid-2018.