OTTAWA, ONTARIO--(Marketwired - June 20, 2016) -
NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES AND DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES DESCRIBED HEREIN
Everton Resources Inc. ("Everton" or the "Company") (TSX VENTURE:EVR) is pleased to announce that, subject to regulatory approval, further to its news release dated May 19, 2016, it has increased its non-brokered flow through and non-flow through private placements for gross proceeds of up to $900,000.
The flow through placement has been increased by 1,400,000 shares and now consists of 7,400,000 units at $0.05 for gross proceeds of $370,000. The non-flow through placement has been increased by 4,600,000 units and now consists of 10,600,000 units at $0.05 with one-half of one common share purchase warrant (the "Warrant") for gross proceeds of $530,000. Each whole Warrant entitles the holder thereof to acquire one additional common share in the capital of the Corporation at a price of $0.07 per common share for a period of twenty-four (24) months following the closing of the Offering. All securities issued in the private placement are subject to a four-month hold period. The proceeds of the financing will be used to advance exploration work in Dominican Republic and in Canada and also for working capital.
The Corporation may pay finder's fees on a portion of the private placement not relating to insiders of the Corporation.
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.
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.