Evrim Resources (EVM-V) May 27, '14 has closed the non-brokered private placement announced on May 7, 2014. The company has issued five million shares for gross proceeds of $1.6-million. The shares will be subject to a four-month hold expiring on Sept. 28, 2014. Proceeds from the private placement will be used for exploration and working capital purposes. Finders' fees of $26,016 were paid in conjunction with the private placement.
In connection with the private placement, Paul Van Eeden of 205, 713 Davis Dr., Newmarket, Ont., reports that on May 27, 2014, he acquired, through 2260761 Ontario Inc., ownership, directly or indirectly, of 1,028,875 common shares of Evrim at a price of 32 cents per common share. As a result, Mr. Van Eeden now has ownership, directly or indirectly, of 4,117,875 common shares of Evrim, being 12.2 per cent of the issued and outstanding common shares of Evrim.
This news release is issued pursuant to National Instrument 62-103 -- The Early Warning System and Related Take Over Bids and Insider Reporting Issues in connection with an early warning report filed by Mr. Van Eeden earlier today. A copy of the report may be found under Evrim's profile on SEDAR. |
