Everton Resources Inc. Elects New Director
May 24 2011 - 5:58PM
Marketwired Canada
Everton Resources Inc. ("Everton" or "Company")(TSX VENTURE:EVR)(FRANKFURT:ERV)
is pleased to announce that David Massola was elected to the Board of Directors
of the Company at the Annual General Meeting of Shareholders held May 20, 2011.
Mr. Massola replaces Alexander Stewart, whose mandate expired at the Meeting.
"We are extremely pleased to have someone of David's calibre and reputation
joining our board," said Andre Audet, President of Everton. "He has held senior
positions with world-class producing mining companies, including GlobeStar which
has a strong presence in the Dominican Republic. His proven abilities and
experience will help guide the Company through an exciting period of rapid
growth."
Mr. Massola has over 25 years of experience in a broad range of financial
functions, including mergers and acquisitions, tax, business planning and
analysis, treasury, corporate accounting and internal audit.
Mr. Massola was the Senior Vice President Finance and Chief Financial Officer of
GlobeStar Mining Corporation between 2006 and 2011. While at GlobeStar, Mr.
Massola was active in facilitating Perilya Ltd.'s (ASX:PEM) acquisition and
integration of GlobeStar.
Prior to joining GlobeStar, Mr. Massola was Chief Financial Officer of De Beers
Canada Inc. ("De Beers") where he was in charge of all the financial aspects of
the company's Canadian operations.
Previous to De Beers, Mr. Massola spent 20 years with BHP-Billiton in various
positions in Canada, Chile and the United States. He was Vice President of
Finance of BHP-Billiton's Ekati Diamond Mine from 1997 through 2001, responsible
for the financial aspects of the mine from the construction period through
commercial production.
The Board thanks Mr. Stewart for his service and contribution and welcomes Mr.
Massola.
In other news, the Company is pleased to announce the granting of options to
purchase in the aggregate 550,000 common shares of the Company to Mr. Massola
and certain consultants. Each option entitles the holder to purchase one common
share of the Company at the price of $0.35 per share.
The options are granted pursuant to the Company's incentive stock option plan
and under the plan are available for exercise for a period of five years.
About Everton
Everton is partnered with Brigus Gold on actively exploring in the Dominican
Republic adjacent to the US$3 billion Pueblo Viejo project, currently being
developed by the world's largest gold mining company, Barrick Gold Corporation
(60%) (NYSE:ABX)(TSX:ABX) in partnership with Goldcorp (40%) ("Goldcorp")
(NYSE:GG)(TSX:G). Planned divestiture of its 100%-owned subsidiary Hays Lake
Gold containing the Shoal Lake Gold Project in Kenora, Ontario is expected to
provide internal funding to advance the Ampliacion Pueblo Viejo project. 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.
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