Evrim Issues Update and Reminder Regarding Warrants
VANCOUVER, British Columbia, March 14, 2018 (GLOBE NEWSWIRE) -- Evrim Resources Corp. (TSX.V:EVM) (“Evrim” or the “Company”) is pleased to announce an update on the warrant exercises and would like to remind holders (the “Warrant Holders”) of the Company’s common share purchase warrants (the “Warrants”) dated December 16, 2015, that they have until 5:00 pm Pacific Time on March 19, 2018 to exercise their outstanding Warrants at a price of $0.25. Warrants not exercised prior to March 19, 2018 will expire.
The Warrants are subject to an acceleration notice (“Acceleration Notice”) announced by the Company on February 19, 2018, which set out that the Company’s closing share price exceeded $0.35 for twenty consecutive trading days ending on Friday, February 16, 2018 (the “Acceleration Trigger Date”). Warrant Holders were sent a copy of the Acceleration Notice by registered mail.
In order to exercise the Warrants, Warrant Holders are requested to deliver, (i) the warrant certificate (“Warrant Certificate”) representing the Warrants to be exercised, (ii) a duly completed Exercise Form attached to the Warrant Certificate, and (iii) a certified cheque, bank draft, or money order in lawful money of Canada, payable to or to the order of Evrim Resources Corp. to the Company at 910-850 West Hastings Street, Vancouver, BC V6C 1E1.
To date, 10,168,000 Warrants have been exercised, raising cash proceeds of $2.54 million. A total of 2,400,800 Warrants remain outstanding.
About Evrim Resources
Evrim Resources is a mineral exploration company whose goal is to participate in significant exploration discoveries supported by a sustainable business model. The Company is well financed, has a diverse range of quality projects and a database covering substantial areas of Mexico and portions of southwestern United States. The Company’s projects are advanced through option and joint venture agreements with industry partners to create shareholder value. Evrim’s business plan also includes royalty creation utilizing the Company’s exploration expertise and existing projects.
On Behalf of the Board
EVRIM RESOURCES CORP.
President & CEO
To learn more about Evrim Resources Corp., please contact Paddy Nicol, President or Charles Funk, VP New Opportunities and Exploration at 604-248-8648, or Donna Yoshimatsu at 416-722-2456, or visit www.evrimresources.com.
Forward Looking Information
This news release includes certain statements that may be deemed "forward looking statements". All statements in this news release, other than statements of historical facts, that address events or developments that Evrim Resources Corp. (the "Company“) expects to occur, are forward looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur.
Although the Company believes the expectations expressed in such forward looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward looking statements. Factors that could cause the actual results to differ materially from those in forward looking statements include market prices, exploitation and exploration successes, and continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward looking statements. Forward looking statements are based on the beliefs, estimates and opinions of the Company’s management on the date the statements are made. Except as required by securities laws, the Company undertakes no obligation to update these forward looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.