Everton Resources Extends Expiry Date of Warrants
OTTAWA, ONTARIO -- (Marketwire) -- 09/25/12 -- Everton Resources Inc.
("Everton" or the "Company")(TSX
VENTURE:EVR)(OTCQX:EVRRF)(FRANKFURT:EVR) is pleased to announce that
the TSX Venture Exchange (the "Exchange") has granted its acceptance
to extend warrants issued in connection with a non-brokered private
placement completed in October, 2010. The original expiry date of
these warrants was October 29, 2012 and they had been extended last
year to expire October 29, 2013. The expiry of these warrants will
now be extended by an additional twelve months.
As a result, the Company will extend the expiry date of 3,633,000
share purchase warrants to October 29, 2013. The exercise price will
remain at $0.40 per warrant.
In addition the Company would like to make a correction to the press
release issued August 31, 2012 in regards to the amendments to its
stock option plan. In the original press release the Company
indicated that it increased the maximum number of common share
reserved for issuance under its stock option plan from 11,691,725 to
13,152,922, representing 10% of the outstanding common shares to
date. The press release should have read that the Company increased
the maximum number of common share reserved for issuance under its
stock option plan from 10,277,629 to 13,152,922, representing 10% of
the outstanding common shares to date.
Furthermore the Company is also making a correction to the press
release issued August 27, 2012 in regards to the finders' fees paid
out on closing of the $1,597,000 non-brokered private placement. In
the original press release it was stated that the Company paid
finders' fees totaling $60,270 and issued 1,103,375 non-transferable
warrants. The press release should have read that the Company paid
finders' fees totaling $60,270 and issued 1,068,375 non- transferable
About Everton Resources Inc.
Everton Resources and Brigus Gold Inc., Everton's exploration partner
in the Dominican Republic, have reached an agreement whereby Everton
will acquire 100% ownership of Brigus' remaining interest in the
Ampliacion Pueblo Viejo II ("APV"), Ponton and La Cueva concessions
in the Dominican Republic. Everton is actively exploring adjacent to
the US$3.8 billion Pueblo Viejo project, currently being mined by the
world's largest gold mining company, Barrick Gold Corporation (60%)
in partnership with Goldcorp Inc. (40%) ("Goldcorp")
(NYSE:GG)(TSX:G). Everton also holds an interest in the Opinaca
region of James Bay, Quebec where the Company has partnered with
Aurizon Mines Ltd. who is advancing Everton's interest by funding
100% of all exploration work on one of the largest land packages
adjacent to Goldcorp's Eleonore gold deposit.
This news release contains certain forward-looking statements that
involve risks and uncertainties, such as statements of Everton's
plans, objectives, strategies, expectations and intentions. The words
"may", "would", "could", "will", "intend", "plan", "anticipate",
"believe", "estimate", "expect" and similar expressions, as they
relate to Everton, or its management, are intended to identify such
forward-looking statements. Many factors could cause Everton's actual
results, performance or achievements to be materially different any
future results, performance or achievements that may be expressed or
implied by such forward-looking statements. The forward-looking
statements included in this press release represent Everton's views
as of the date of the release. While Everton anticipates that
subsequent events and developments may cause its views to change, it
specifically disclaims any obligation to update these forward-looking
statements, except in accordance with applicable securities laws.
Accordingly, readers are advised not to place undue reliance on
forward-looking information. All subsequent written and oral
forward-looking statements attributable to Everton or persons acting
on its behalf are expressly qualified in their entirety by this
Neither 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.
Everton Resources Inc.
Chairman and CEO
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