Vancouver (pcj News Briefs) – Evrim Resources Corp. (TSX-V: EVM) has announced a non-brokered private placement of 10,700,000 unit at $0.30 per unit for gross proceeds of $3.21 million.
Each unit will consist of one share and one-half non-transferable share purchase warrant. Each whole warrant is exercisable into one common share at a price of $0.50 for three years from the date of closing.
Proceeds from the private placement will be used for exploration and working capital purposes.
Evrim Resources is a mineral exploration company with a diverse range of quality projects and a database in Mexico and portions of southwestern United States. The existing projects, and generation of quality exploration targets and ideas, are advanced through option and joint venture agreements with industry partners to create shareholder value. Evrim’s business plan also includes royalty creation utilizing its exploration expertise and existing projects.
photo credit: Evrim Resources