Everton Resources Inc. Announces Private Placement Financing
VANCOUVER, BRITISH COLUMBIA--The Company intends to arrange a non-brokered private placement by issuing 1,500,000 units, at $0.20 per unit for gross proceeds of $300,000. Each unit will consist of one common share and one share purchase warrant. Each warrant entitles the holder to purchase one common share at a price of $0.25 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.
The Company did not proceed with the $500,000 private placement announced on March 28, 2003.
On Behalf of Everton Resources Inc.
Dwane Brosseau, President and CEO
The Company's Shares are listed on the TSX Venture Exchange and trade under the symbol "EVR".
The common shares and warrants described herein and any securities which may be issued thereunder have not been and will not be registered under the U.S. Securities Act of 1933 as amended and may not be offered or sold in the U.S. or to a U.S. person in the absence of such registration or an exemption therefrom.
Everton Resources Inc.
President and CEO
Phone: (604) 662-4955
Email: [email protected]
The TSX Venture Exchange neither approves nor disapproves of the information contained in this News Release.
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