Everton Announces a $600,000 Non-brokered Private Placement
NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES AND DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES DESCRIBED HEREIN
Ottawa, Ontario - (May 19, 2016) - Everton Resources Inc. (“ Everton ” or the “ Company ”) (TSX-V:EVR) announces a $600,000 non-brokered private placement (the “Offering”) comprised of $300,000 in flow through at $0.05 and $300,000 in non-flow through at $0.05 with one-half of one common share purchase warrant (the “Warrant”). Each whole Warrant entitles the holder thereof to acquire one additional common share in the capital of the Corporation at a price of $0.07 per common share for a period of twenty-four (24) months following the closing of the Offering. All securities issued in the private placement are subject to a four-month hold period. The proceeds of the financing will be used to advance exploration work in Dominican Republic and in Canada and also for working capital.
The Corporation may pay finder’s fees on a portion of the private placement not relating to insiders of the Corporation.
About Everton Resources Inc.
Everton is an exploration company with concessions in the Dominican Republic adjacent to the Pueblo Viejo Mine, owned by the world’s two largest gold mining companies, Barrick Gold Corporation (60%) in partnership with Goldcorp Inc. (40%) ("Goldcorp"). Everton also holds an interest in the Opinaca region of James Bay, Quebec where the Company has partnered with Hecla Mining Company which is advancing Everton's interest in the Opinaca B project by funding 100% of all exploration work on one of the largest land packages adjacent to Goldcorp's Eleonore gold deposit.
For further information on Everton Resources Inc., please visit
Everton Resources Inc.
Chairman and CEO
www.evertonresources.comNeither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.