By Devika Patel
Knoxville, Tenn., April 27 - Everton Resources Inc. said it concluded a C$3.12 million non-brokered private placement of units. The deal priced for C$3 million March 11.
The company sold 12.47 million units of one common share and one half-share warrant at C$0.25 each. The whole warrants are exercisable at C$0.40 each for two years.
Proceeds will be used to fund the company's exploration activities, continue drilling gold-copper targets on the Dominican Republic projects and define the gold resources on its Shoal Lake projects.
Everton is a resource exploration company based in Ottawa, Ont.
| Issuer: | Everton Resources Inc.
|
| Issue: | Units of one common share and one half-share warrant
|
| Amount: | C$3,117,500
|
| Units: | 12.47 million
|
| Price: | C$0.25
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$0.40
|
| Agent: | Non-brokered
|
| Pricing date: | March 11
|
| Settlement date: | April 27
|
| Stock symbol: | TSX Venture: EVR
|
| Stock price: | C$0.26 at close March 10
|
| Market capitalization: | C$18.5 million
|
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