Offering funds gold-copper drilling at Ampliacion Pueblo Viejo project
By Devika Patel
Knoxville, Tenn., Nov. 2 - Everton Resources Inc. said it completed a non-brokered private placement of units.
The company sold 7,266,000 units of one common share and one half-share warrant at C$0.25 per unit for C$1.82 million. The whole warrants are exercisable at C$0.40 each for two years.
The strike price reflects a 63.27% premium to the Nov. 1 closing share price of C$0.245.
Proceeds will be used to continue drilling on several gold-copper targets on the Ampliacion Pueblo Viejo project in the Dominican Republic.
Everton is a resource exploration company based in Ottawa.
| Issuer: | Everton Resources Inc.
|
| Issue: | Units of one common share and one half-share warrant
|
| Amount: | C$1,816,500
|
| Units: | 7,266,000
|
| Price: | C$0.25
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$0.40
|
| Agent: | Non-brokered
|
| Settlement date: | Nov. 2
|
| Stock symbol: | TSX Venture: EVR
|
| Stock price: | C$0.26 at close Nov. 2
|
| Market capitalization: | C$23.3 million
|
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