Offering funds gold-copper drilling at Ampliacion Pueblo Viejo project
By Devika Patel
Knoxville, Tenn., Nov. 15 - Everton Resources Inc. said it completed a non-brokered private placement of units. It raised C$1.82 million on Nov. 2 and C$220,000 on Monday, for a total of C$2.04 million.
The company sold 7,266,000 units of one common share and one half-share warrant at C$0.25 each in the first tranche and 880,000 units in the second. 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 several gold-copper targets on the Ampliacion Pueblo Viejo project in the Dominican Republic.
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$2,036,500
|
| Units: | 8,146,000
|
| 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 (C$1,816,500), Nov. 15 (for C$220,000)
|
| Stock symbol: | TSX Venture: EVR
|
| Stock price: | C$0.26 at close Nov. 2
|
| Market capitalization: | C$28.78 million
|
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