03/31/2003
Everton Resources Inc. Announces $500,000 Private Placement Financing
VANCOUVER, BRITISH COLUMBIA--The Company intends to arrange a non-brokered private placement by issuing 2,000,000 units, at $0.25 per unit for gross proceeds of $500,000. Each unit will consist of one common share and one-half of one share purchase warrant. Each warrant entitles the holder to purchase one common share at a price of $0.40 for a period of 18 months from the closing of the private placement. The units will be subject to the applicable statutory hold period. Proceeds of the financing will be used for general working capital and for further exploration on the Bayaguana Property in the Dominican Republic.
On Behalf of EVERTON RESOURCES INC.
Dwane Brosseau, President and "CEO"
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