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 warrants.
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 notice.
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.
Contacts:
Everton Resources Inc.
Andre Audet
Chairman and CEO
613-241-2332
613-834-7708 (FAX)
andre@evertonresources.com
www.evertonresources.com