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
Andr� Audet
Chairman & CEO
Tel: 613 241 2332
Fax: 613 241 6005
mailto:[email protected]
www.evertonresources.com
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