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Equinox Gold Corp. (TSXV:EQX) announced that Ross Beaty has acquired 22.5 million common shares of the company, bringing his total stake up to 41.4 million common shares. Beaty is chairman of the company and a well-known investor.
Equinox Gold Corp. (TSXV:EQX) announced that Ross Beaty has acquired 22.5 million common shares of the company, bringing his total stake up to 41.4 million common shares. Beaty is chairman of the company and a well-known investor.
As quoted in the press release:
As previously announced on October 25, 2017, pursuant to a share and debenture purchase agreement between Equinox Gold, Mr. Beaty and Sandstorm Gold Ltd. (“Sandstorm”), Sandstorm has sold to Mr. Beaty 4.0 million common shares of Equinox Gold and US$15.0 million principal of the debenture payable by Equinox Gold to Sandstorm at a combined purchase price of approximately US$18.2 million. The debenture has been converted to 18,518,518 common shares that have been issued to Mr. Beaty.
Click here to read the full Equinox Gold Corp. (TSXV:EQX) press release.