03/11/2005
EVERTON INCREASES ITS FINANCING AND COMPLETES $800,000 PRIVATE PLACEMENT
Everton Resources Inc. has closed a non-brokered private placement for gross proceeds of $800,000.
The offering consisted of 2,282,857 units at a price of 35 cents per unit. Each unit was comprised of one common share and one-half of one common share purchase warrant. Each whole common share purchase warrant entitles the holder thereof to purchase one common share at price of 40 cents per share for a period of 24 months from the closing. The units are subject to a four month hold period from the closing.
Four Quebec based institutions participated in the financing: SIDEX for an amount of $200,000; James Bay Development Corporation for an amount of $200,000; FTQ Nord du Quebec for an amount of $150,000and Sodemex I and II for $100,000 each.
The proceeds from the offering will be used to explore the Company’s James Bay, Quebec gold projects.
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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”.
For more information, please contact
André Audet
Chairman & CEO
Tel: 613 241 2332
Fax: 613 241 6005
mailto:[email protected]
www.evertonresources.com
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