Cranberry Capital Inc.

April 06, 2015 08:30 ET

Cranberry Capital Acquires Equity Stake in Evrim Resources Corp.

NEWMARKET, ONTARIO--(Marketwired - April 6, 2015) - Mr. Paul van Eeden, President of Cranberry Capital Inc. ("Cranberry"), announced that Cranberry acquired beneficial ownership of 4,000,000 common shares of Evrim Resources Corp. ("Evrim"), a mineral exploration company based in Vancouver.

The securities were acquired on April 2, 2015 through a non-brokered private placement of common shares of Evrim at a price of $0.15 per share.

As a result of the transaction, Cranberry owns 4,000,000 common shares, or approximately 10.59% of the issued and outstanding common shares of Evrim (on a non-fully diluted basis).

Cranberry has acquired the common shares of Evrim for investment purposes. Cranberry's equity stake in Evrim may be increased or decreased in the future as considered appropriate in light of investment criteria, market conditions and other factors and in accordance with the provisions of applicable securities legislation.

Evrim is listed on the TSX Venture Exchange under the symbol "EVM".

About Cranberry Capital Inc.

Cranberry Capital Inc. is a private Canadian holding company owned by Mr. Paul van Eeden.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Cranberry Capital Inc.
    Mr. Paul van Eeden
    +1 (416) 727-1908