Stock Information

Equinox Gold’s common shares are listed on the Toronto Stock Exchange and on the NYSE American Exchange under the symbol "EQX".

Equinox Gold has 80.5 million warrants that are listed on the Toronto Stock Exchange under the symbol "EQX.WT". These warrants have a C$3.00 exercise price and expire on October 6, 2021. Upon exercise, each warrant entitles the holder to 0.20 Equinox Gold shares and 0.05 Solaris Resources shares (TSX-V: SLS). For example, if five warrants are exercised, the holder pays C$15 and gets one full share of Equinox Gold and 0.25 shares of Solaris Resources.

When calculating the “in-the-money” price for the warrants, investors should take into account the intrinsic value of both the EQX and the SLS shares that will be issued upon exercise. Investors who purchased their warrants in the market rather than through a private placement must also consider the initial purchase price of the warrants.

The in-the-money calculation is the current market value of the shares issued upon exercise, minus the cost to purchase and exercise the warrants. For example, if an investor has purchased 25,000 EQX.WT in the market, the mathematical formula would be: $ = (((25,000 x 0.2) x EQX share price) + ((25,000 x 0.05) x SLS share price)) – ((25,000 x (C$3 + EQX.WT purchase price))). If the answer is positive, the warrants are in the money!

Residents of the United States should be aware that if you purchased warrants in one of Equinox Gold’s previous private placements (this does not apply if you purchased them in the open market, only if purchased in a private placement), the warrants have a legend on them and cannot be sold until the legend is removed. Likewise, although you can exercise the warrants, if you do not get the legend removed before you exercise, the shares issued to you upon exercise of the warrants will come with a legend restriction that must be removed before the shares can be sold. Please see "How can I get the legend removed from my shares and warrants?" in the Online Q&A on this website for more information about legend restrictions. If you have held your warrants for more than one year, you can likely get the legend removed without involving your broker or US legal counsel. Please contact EQX Investor Relations at ir@equinoxgold.com for more information.

Equinox Gold also has warrants issued by predecessor companies that are exercisable into shares of Equinox Gold. If you would like to confirm the exercise terms of your warrants, please contact Computershare or email ir@equinoxgold.com.

At April 7, 2021, Equinox Gold had the following securities issued and outstanding: 

297.1 M Issued common shares

19.0 M Shares issuable from warrants

8.1 M Options and RSUs

324.2 M Fully diluted shares *

The fully diluted share count assumes full conversion of in-the-money convertible notes, held primarily by Mubadala Investment Company, of which US$139.7 M are convertible at US$5.25 per share and US$139.3 M are convertible at US$7.80 per share. If both notes were fully converted, Equinox Gold would issue 44.5 M shares.

TSX:EQX		NYSE-A:EQX
TSX:EQX.WT		OTC:EQXWF

Shareholder Base

Broad mix of institutional, high-net-worth and retail shareholders

Equinox Gold has a broad shareholder base with strategic long-term shareholders and a balanced mix of institutional, high-net-worth and retail investors. Equinox Gold’s Chairman, Ross Beaty, has invested more than US$120 million since November 2017 to become the Company’s largest shareholder. Collectively, Equinox Gold’s executives and directors have personally invested to hold more than 8% of the Company - one of the highest insider ownership rates in the industry - ensuring the interests of investors and Equinox Gold’s leadership team are aligned.