Equinox Exploration Secures the Aura Mining Lease

Base Metals Investing

Equinox Exploration Corp. (TSXV:EQX) has closed the acquisition of Mineral Pro Chile, securing the Aura Mining Lease that includes the Aura Property. At Aura, activity has continued, allowing Equinox to commence shipments of ore to the Enami processing facility at the end of September.

As quoted in the press release:

Over the last few months, Equinox has completed extensive road improvements to allow haul truck access to multiple sites within the lease. Heavy equipment including haul trucks have been purchased. Upgrades to onsite housing and facilities have been completed. These improvements, upgrades and purchases are aimed at increasing production rates from the Aura Property.
Equinox also announces it has arranged a non-brokered fully subscribed private placement for 2.5 million units at a price of $0.10. Each unit consists of one common share and one share purchase warrant exercisable at $0.25 for a period of two years. The proceeds from the private placement will be used for general working capital.