McEwen Capital

McEwen Capital

October 27, 2006 16:05 ET

Robert McEwen Exercises Warrants in Everton Resources

TORONTO, ONTARIO--(CCNMatthews - Oct. 27, 2006) - pursuant to an agreement between Everton Resources and Mr. McEwen, Mr. McEwen has exercised 1,500,000 warrants of Everton. Each warrant entitled Mr. McEwen to purchase one whole common share or a total of 1,500,000 common shares at an exercise price of $0.70 per share.

Before the exercise of warrants, Mr. McEwen held approximately 10.2% of the outstanding shares of Everton. After the exercise of warrants Mr. McEwen will hold approximately 13.7% of the outstanding shares.

The Common Shares were issued from the treasury of Everton Resources.

Contact Information

  • McEwen Capital Corporation
    Ian J. Ball
    (647) 258-0395 or Toll Free: 1-866-441-0690
    (647) 258-0408 (FAX)