Evrim Announces Accelerated Expiry of Warrants
VANCOUVER, British Columbia, Feb. 19, 2018 (GLOBE NEWSWIRE) -- Evrim Resources Corp. (TSX.V:EVM) (“Evrim” or the “Company”) announces that as the Company’s closing share price has exceeded $0.35 for twenty consecutive trading days ending on Friday, February 16, 2018 (the “Acceleration Trigger Date”) it is accelerating the exercise date of the Company’s common share purchase warrants (the “Warrants”) dated December 16, 2015 with an exercise price of $0.25. The accelerated expiration date is twenty trading days after the Acceleration Trigger Date, which is March 19, 2018. Warrant Holders will be sent a copy of this press release (an “Acceleration Notice”) and will have twenty trading days from the date of this news release, until March 19, 2018, to exercise their Warrants. Warrants not exercised prior to the end of business on March 19, 2018 will expire.
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.
A total of 11,750,800 Warrants remain outstanding which, if exercised, would raise cash proceeds of $2,937,700.
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.
Paddy Nicol
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.