TORONTO,
Nov. 12, 2013 /CNW/ - Everfront
Ventures Corp. ("Everfront") (TSXV: EVC.P) is pleased to
announce it has completed its previously announced non-brokered
private placement consisting of approximately 2,400,000 common
shares at a purchase price of $0.05
for gross proceeds of $120,000 (the
"Offering"). Everfront has not retained an agent in
connection with the Offering and no broker fees have been paid in
connection therewith. The common shares issued as part of the
Offering are subject to a statutory hold period which will expire
4-months plus one day following closing of the Offering in
accordance with applicable securities legislation. No directors,
officers or insiders of Everfront have participated in the
Offering.
The net proceeds from the Offering will be used
to identify a potential qualifying transaction and for general
corporate and working capital purposes.
Neither the TSX Venture Exchange ("TSXV") nor
its Regulation Services Provider (as that term is defined in the
policies of the TSXV) accepts responsibility for the adequacy or
accuracy of this release.
Everfront Ventures Corp. is a capital pool
company listed on the TSXV. Everfront was established pursuant to
TSXV Policy 2.4 - Capital Pool Companies which permits an
initial public offering and a TSXV listing by a newly created
company that has no assets, other than cash, and has not commenced
commercial operations. The principal business of Everfront has been
the identification and evaluation of assets with a view to
completing a qualifying transaction.
SOURCE Everfront Ventures Corp.