By Sheri Kasprzak
Atlanta, Dec. 1 - Everton Resources Inc. said Wednesday it has wrapped up a C$3,036,950 private placement, downsized from its previously announced C$3.5 million deal.
The company sold 8.677 million units at C$0.35 each. The units are comprised of one share and one half-share warrant.
The whole warrants allow for an additional share at C$0.40 each through Nov. 30, 2006.
The deal was originally announced Oct. 21 as being comprised of 10 million units at C$0.35 each.
A syndicate of placement agents led by Canaccord Capital Corp. and including Haywood Securities Inc. was involved in the private placement.
Everton is an Ottawa-based gold exploration company. The funds from the financing will be used for gold and base metal exploration and for working capital.
| Issuer: | Everton Resources Inc.
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| Issue: | Units of one share and one half-share warrant
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| Amount: | C$3,036,950
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| Shares: | 8.677 million units
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| Price: | C$0.35
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| Warrants: | One half-share warrant per unit
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| Warrant expiration: | Nov. 30, 2006
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| Warrant strike price: | C$0.40
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| Placement agent: | Canaccord Capital Corp. (lead); Haywood Securities Inc.
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| Announcement date: | Oct. 21
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| Settlement date: | Nov. 30
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| Stock price: | C$0.36 at close Oct. 21
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| Stock price: | C$0.37 at close Nov. 30
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