1/23/2006
ROB MCEWEN TO INVEST $1.5 MILLION IN EVERTON RESOURCES TO ACCELERATE ITS EXPLORATION PROGRAM
Everton Resources Inc. (TSX-V: EVR) is pleased to announce that, subject to
regulatory approval, it has entered into an agreement with Mr. Rob McEwen of
Toronto, Ontario to issue 3.0 million units at a price of $0.50 per unit for
aggregate proceeds of $1,500,000. Each unit will consist of one common share and
one common share purchase warrant. Each whole share purchase warrant can be
exercised into one common share at a price of $0.70 per share for a term of 18
months.
The net proceeds of this offering will be used to finance exploration work at
Everton’s Opinaca and Wild Cat gold projects in the James Bay region of Quebec
and also Everton’s gold and copper portfolio of properties in the Dominican
Republic.
‘We are very pleased to have Rob McEwen as a major investor in our Company. What
makes Everton unique is our exposure to two exciting gold districts – ‘Eleonore
and Pueblo Viejo’ says André Audet, Chairman and CEO of Everton Resources Inc.
Mr. McEwen is chairman and chief executive officer of U.S. Gold Corp. and was
the founder, former chairman and CEO of Goldcorp Inc. Over the past 18 years Mr.
McEwen turned Goldcorp Inc. from an investment company with a market
capitalization of $50 million into a mining company with a market value over
$7.0 billion today. He has been honoured with such awards as the Northern
Miner’s Man of the Year Award; Ernst & Young’s Ontario Entrepreneur of the Year
Award in the energy category; and the Prospectors and Developers Association of
Canada’s Developer of the Year Award. Under his leadership Goldcorp was named
one of Fast Company’s magazine’s 50 Companies of Innovation, and Business Week
Magazine’s selection as one of the 50 most innovative companies on the Web.
Everton holds one of the largest land positions in the James Bay area and many
properties are adjacent and on strike to Virginia’s gold discovery where
Goldcorp recently agreed to purchase the Eleonore gold deposit.
Everton also holds a large land position adjacent to the multi-million ounce
gold deposit Pueblo Viejo where Barrick Gold and Goldcorp plan to develop by
investing over a billion dollars.
Everton had 34,000,000 common shares outstanding prior to this private
placement..
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
Email address: [email protected]
www.evertonresources.com
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