Equinox Exploration Corp. - VANCOUVER, BRITISH COLUMBIA–(Marketwire – July 30, 2012) - Equinox Exploration Corp. (TSX VENTURE:EQX) –
As provided under the terms of the agreement announced May2, 2012, for consideration of $275,000, Equinox has purchased the remaining 60% interest in the Copper Queen property, a 353.7 acre tract of 26 Federal patented mining claims on private land immediately adjacent to the Binghampton Property.
The Binghampton Property consists of a 100% interest in a tract of land that includes state permits, unpatented mining claims on federal land, and private land totaling 4331.8 acres. The Binghampton Property also included a 40% interest in an additional 353.7 acre tract of land immediately adjacent, with an agreement in place to acquire the remaining 60% interest within 90 days of the original transaction. Under the terms of the agreement, Equinox has purchased the remaining 60% interest for a $275,000 additional consideration.
Equinox also announces that Mr. James Bunyan has resigned from the Board of Directors and would like to thank him for his service in that capacity.
In addition, the Board of Directors has granted stock options to 929,000 incentive stock options to directors, officers and employees at a price of $0.14 with a 5 year term, expiring on July 29, 2017.
About Equinox Exploration Corp.
Equinox Exploration Corp. is a publicly traded corporation listed on the TSX-Venture Exchange (TSX VENTURE:EQX) and is engaged in mineral exploration and development in the United States and Chile. The major focus is on copper exploration properties in the Southwest United States where management has extensive experience and a proven track record of discovery. To find out more about Equinox visit its website at www.EquinoxExploration.com .
R. Tim Henneberry, P.Geo., on the Advisory Board of Equinox, is the Qualified Person as defined in National Instrument 43-101 who has reviewed and approved the technical content of this news release.
On behalf of the Board of Directors of Equinox Exploration Corp.
Roy Fuller, Director
