02/07/2003
Everton Resources Inc. Closes $350,000 Private Placement
VANCOUVER, BRITISH COLUMBIA--
In the press release issued earlier today, February 7, 2003 for Everton Resources Inc., the expiry date for the applied units was not reported. The corrected release follows.
Everton Resources Inc. (TSX-EVR) is pleased to announce that it has closed a non-brokered private placement for 3.5 million units for gross proceeds of $350,000. Each unit consists of one common share at a price of $0.10 and one share purchase warrant exercisable at $0.15 for a period of 18 months. There is a four month hold period expiring June 6, 2003 applied to the units.
Everton is setting aside 800,000 incentive stock options priced at 0.20 for officers, directors, employees and consultants.
On Behalf of EVERTON RESOURCES INC.
Dwane Brosseau
President
The TSX Venture Exchange neither approves nor disapproves of the information contained in this News Release. The Company's Shares are listed on the TSX Venture Exchange and trade under the symbol "EVR".
Contact:
Everton Resources Inc.
Investor Relations
Phone: (604) 838-0423
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