Everton Closes $1,597,000 Non Brokered Private Placement
August 27 2012 - 3:47PM
Marketwired Canada
THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT FOR
DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED
STATES.
Everton Resources Inc. ("Everton" or the "Corporation") (TSX
VENTURE:EVR)(FRANKFURT:ERV)(OTCQX:EVRRF) is pleased to announce it has completed
a non brokered private placement of 19,962,500 units (each, a "Unit") at a price
of $0.08 per Unit for gross proceeds of $1,597,000 (the "Offering"). Each Unit
consists of one common share and one common share purchase warrant. Each warrant
entitles the holder to purchase one common share at a price of $0.15 per share
for a period of 24 months ending August 24, 2014. Insiders participated in the
Offering for total gross proceeds of $102,000.
In connection with the Offering, the Corporation paid finders' fees totalling
$60,270 and issued 1,103,375 non-transferable warrants, each warrant entitling
the holder thereof the right to acquire one common share of the Corporation at a
price of $0.08 for a period of 24 months ending August 24, 2014. All securities
issued in connection with the Offering are subject to a four month hold period
expiring December 25, 2012.
The proceeds of the private placement will be used to advance the exploration of
the Company's Dominican properties and for general corporate and administrative
purposes.
About Everton Resources Inc.
Everton Resources and Brigus Gold Inc., Everton's exploration partner in the
Dominican Republic, have reached an agreement whereby Everton will acquire 100%
ownership of Brigus' remaining interest in the Ampliacion Pueblo Viejo II
("APV"), Ponton and La Cueva concessions in the Dominican Republic. Everton is
actively exploring adjacent to the US$4.0 billion Pueblo Viejo project, recently
put into production by the world's largest gold mining company, Barrick Gold
Corporation (60%) in partnership with Goldcorp Inc. (40%) ("Goldcorp")
(NYSE:GG)(TSX:G). Everton also holds an interest in the Opinaca region of James
Bay, Quebec where the Company has partnered with Aurizon Mines Ltd. who is
advancing Everton's interest by funding 100% of all exploration work on one of
the largest land packages adjacent to Goldcorp's Eleonore gold deposit.
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