Non-brokered stock sale funds working capital; Callinan participates
By Devika Patel
Knoxville, Tenn., Oct. 25 - Evrim Resources Corp. said it plans a C$1.32 million non-brokered private placement of stock. Callinan Royalties Corp. will participate.
The company will sell 4 million common shares at C$0.33 each. The price per share represents a 3.13% premium to the Oct. 24 closing share price of C$0.32.
Proceeds will be used for working capital.
The investor has also agreed to a four-year C$1.5 million regional exploration alliance with the company in Mexico. The alliance will focus on generating gold and silver targets with a firm commitment of C$500,000 in year one.
The Vancouver, B.C., company explores for gold and copper.
| Issuer: | Evrim Resources Corp.
|
| Issue: | Common stock
|
| Amount: | C$1.32 million
|
| Shares: | 4 million
|
| Price: | C$0.33
|
| Warrants: | No
|
| Agent: | Non-brokered
|
| Investor: | Callinan Royalties Corp.
|
| Pricing date: | Oct. 25
|
| Stock symbol: | TSX Venture: EVM
|
| Stock price: | C$0.32 at close Oct. 24
|
| Market capitalization: | C$7.78 million
|
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