OTTAWA, ONTARIO--(Marketwired - Aug. 16, 2016) - Everton Resources Inc. ("Everton" or the "Company") (TSX VENTURE:EVR) is pleased to announce the re-appointments of Mr. Keith Stein, Mr. Steven Mintz, and Mr. Salvador Brouwer as Directors of Everton and Mr. André Audet as Chairman. The Company also welcomes a new director to its Board, Mr. Michel Fontaine. Mr. Fontaine's broad experience in the financial and mining industries provides the background for directing business development and managing the mining division as a Vice-President at DIAGNOS. He will be a great asset to Everton. The Board of Directors would also like to thank Mr. Michael Farrant for his contribution through the years as a Director and wishes him well in all his future endeavors.
The firm of McGovern Hurley Cunningham LLP was re-appointed as Auditors of the Company.
The shareholders have also approved an amendment to its Stock Option Plan. Under the "rolling" 10% Stock Option Plan, subject to the required approvals from regulatory authorities, the number of common shares which may be reserved under the Plan is limited to 10% of the aggregate number of common shares of the Corporation issued and outstanding, as the case may be. Consequently, the number of common shares that could be reserved under the Plan could automatically increase or decrease as the number of issued and outstanding common shares of the Corporation increases or decreases. The "rolling" Stock Option Plan must receive shareholder approval yearly, at the annual and special meeting of shareholders.
Granting of Options
Everton has granted options to purchase up to 2,960,000 common shares of the Company to its Officers, Directors, Consultant, and an employee at a price of $0.13 per share for a period of five years ending August 15, 2021.
About Everton Resources Inc.
Everton is an exploration company with concessions in the Dominican Republic adjacent to the Pueblo Viejo Mine, owned by the world's two largest gold mining companies, Barrick Gold Corporation (60%) in partnership with Goldcorp Inc. (40%) ("Goldcorp"). Everton also holds an interest in the Opinaca region of James Bay, Quebec where the Company has partnered with Hecla Mining Company which is advancing Everton's interest in the Opinaca B project by funding 100% of all exploration work on one of the largest land packages adjacent to Goldcorp's Eleonore gold deposit. Everton recently announced the acquisition of two properties: the Blue Sky Jackpot lithium property in Ontario and the Detour Lake gold property in Quebec.
For further information on Everton Resources Inc., please visit www.evertonresources.com.
This news release contains certain forward-looking statements that involve risks and uncertainties, such as statements of Everton's plans, objectives, strategies, expectations and intentions. The words "may", "would", "could", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" and similar expressions, as they relate to Everton, or its management, are intended to identify such forward-looking statements. Many factors could cause Everton's actual results, performance or achievements to be materially different any future results, performance or achievements that may be expressed or implied by such forward-looking statements. The forward-looking statements included in this press release represent Everton's views as of the date of the release. While Everton anticipates that subsequent events and developments may cause its views to change, it specifically disclaims any obligation to update these forward-looking statements, except in accordance with applicable securities laws. Accordingly, readers are advised not to place undue reliance on forward-looking information. All subsequent written and oral forward-looking statements attributable to Everton or persons acting on its behalf are expressly qualified in their entirety by this notice.
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.