Deal funds exploration expenditures on company's Pueblo Viejo property
By Devika Patel
Knoxville, Tenn., Aug. 29 - Everton Resources Inc. said it completed a C$1.75 million non-brokered private placement of units.
The company sold 6,983,840 units of one common share and one half-share warrant at C$0.25 per unit.
The whole warrants are each exercisable at C$0.35 until Aug. 25, 2013. The strike price reflects a 52.17% premium to the Aug. 26 closing share price of C$0.23.
Proceeds will be used for exploration expenditures on Everton's Pueblo Viejo property in the Dominican Republic and for general corporate and administrative purposes.
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$1,745,960
|
| Units: | 6,983,840
|
| Price: | C$0.25
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | Aug. 25, 2013
|
| Warrant strike price: | C$0.35
|
| Agent: | Non-brokered
|
| Settlement date: | Aug. 29
|
| Stock symbol: | TSX Venture: EVR
|
| Stock price: | C$0.21 at close Aug. 29
|
| Market capitalization: | C$22.51 million
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
