At June 30, 2021, Equinox Gold had the following securities issued and outstanding:
Issued common shares
Shares issuable from warrants
Options and RSUs
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.
The warrants that were trading as EQX.WT and EQXWF expired on October 6, 2021 and are no longer trading or available for exercise.
Based on the most recent reports on Form 13F filed by institutional investment managers, Equinox Gold’s top shareholders include:
Van Eck Associates
Ross Beaty (individual shareholder)
BlackRock Investment Management
The Vanguard Group
Kopernik Global Investors
Sprott Asset Management
Donald Smith & Company
Shell Asset Management Company
Paulson & Company
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.