Everton Announces Share Consolidation
February 25 2014 - 7:30AM
Marketwired
Everton Announces Share Consolidation
OTTAWA, ONTARIO--(Marketwired - Feb 25, 2014) - Everton
Resources Inc. ("Everton" or the "Company")
(TSX-VENTURE:EVR)(FRANKFURT:ERV) is pleased to announce that the
TSX Venture Exchange ("TSX-V" or the "Exchange") has approved the
consolidation of the Company's common shares ("Common Shares") on a
basis of one (1) post-consolidation Common Share for each five (5)
pre-consolidation Common Shares (the "Consolidation") and has no
objection to the Common Shares trading on a post-consolidated basis
effective at the opening of market on February 25, 2014 under the
new CUSIP number 300410305. The number of Common Shares of the
Corporation issued and outstanding will be reduced from 154,654,225
common shares to 30,930,845 common shares.
At the Special Meeting of
shareholders held on December 13th, 2013, the shareholders voted to
approve the consolidation of the Company's common share capital on
the basis of one (1) post-consolidation common share for every five
(5) pre-consolidation common shares held.
Letters of transmittal with respect
to the Consolidation have been mailed out to all registered
shareholders by the Company's transfer agent, Computershare
Investor Services Inc. ("Computershare"). The letter of transmittal
describes the process by which registered shareholders may obtain
new certificates representing consolidated Common Shares and all
registered shareholders of the Company will be required to send
their certificates representing pre-Consolidation Common Shares
with a properly executed letter of transmittal to Computershare, in
accordance with the instructions provided in the letter of
transmittal. No fractional Common Shares will be issued. Where the
Consolidation results in a fractional Common Share, the number of
post-Consolidation Common Shares will be rounded down to a lower
unit where the fraction obtained is less than 0.5 and rounded up to
the higher unit where the fraction obtained is equal to or greater
than 05. Shareholders who hold their Common Shares through a broker
or other intermediary and do not have Common Shares registered in
their name will not need to complete a letter of transmittal.
About Everton Resources Inc.
Everton is actively exploring in the Dominican Republic adjacent
to the Pueblo Viejo Mine, owned by the world's two largest gold
mining companies, Barrick Gold Company (60%) in partnership with
Goldcorp Inc. (40%) ("Goldcorp"). Everton also holds an interest in
the Opinaca region of James Bay, Quebec where the Company has
partnered with Hecla Mining Company (formerly Aurizon Mines Ltd.)
which 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.
For further information on Everton Resources Inc. please visit
www.evertonresources.com.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Everton Resources Inc.Andre AudetChairman and
CEO613-241-2332613-424-5682andre@evertonresources.comwww.evertonresources.com
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