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Everton Resources Inc.
- 290 Picton Street Suite 201
- Ottawa, Ontario
- K1Z 8P8
- Phone: (613) 241-2332
- Website
Description
In connection with the engagement, Investor Cubed has been awarded a consulting contract paying $5,000 per month for a term of twelve months. In addition, Investor Cubed has been granted options to purchase 80,000 shares of Everton at a price of twenty cents ($0.20) per share. The options will vest quarterly over a period of one year and will be governed by the provisions of Everton’s stock option plan and policies of the TSX Venture Exchange.
Everton Resources is a Canadian mining exploration company based in Ottawa, Ontario. The company trades on the Toronto Stock Exchange under the symbol: EVR: TSX.V.
Ottawa, Ontario – (March 17, 2014) - Everton Resources Inc. (“Everton” or the “Company”)(TSX-V:EVR)(FRANKFURT:ERV) is pleased to announce that the Company has amended the Wildcat option agreement with Hecla Quebec Inc., a wholly owned subsidiary of Hecla Mining Company (collectively “Hecla”). The Wildcat option agreement was amended to defer the timing and the amount of exploration commitments required by Hecla to earn a 50% interest in the Wildcat properties. Under the original agreement, Hecla had to incur $1,470,000 of exploration expenditures by November 2015.