Everton Cancels Previously Announced Financing
June 22 2011 - 4:00PM
Marketwired Canada
THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT FOR
DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED
STATES.
Everton Resources Inc. (TSX VENTURE:EVR)(FRANKFURT:ERV) ("Everton" or the
"Corporation") said today it has cancelled its financing offering announced June
7, 2011 (the "Offering).
"After reviewing market conditions, coupled with the fact Everton has sufficient
cash and assets to continue its drilling program at its Ampliacion Pueblo Viejo
(APV) property, we decided to withdraw the short form prospectus in the best
interest of our shareholders and the company," said Everton President and CEO
Andre Audet.
"As our agreement to acquire Brigus Gold's interest in the APV property
(announced May 25, 2011) demonstrates, we have tremendous confidence in the
property," he said.
Mr. Audet said the company will re-visit its financing options at an appropriate
time. For the time being, he said, Everton is advancing its drilling plans.
About Everton Resources Inc.
The Corporation holds a 50% interests in the Ampliacion Pueblo Viejo ("APV") and
La Cueva projects (the "Concessions"), which are managed by Everton and are
contiguous with Barrick's and Goldcorp's US$3 billion Pueblo Viejo gold project.
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 APV project. Everton also holds an interest in the
Opinaca region of James Bay, Quebec where the Corporation 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.
Cautionary Note
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.
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