Vancouver B.C. — April 27, 2017: Evrim Resources Corp. (TSX.V:EVM) (“Evrim” or the “Company”) announces a 10,700,000 unit private placement at $0.30 to raise gross proceeds of $3.21 million. Each unit will consist of one share and one-half non-transferable share purchase warrant (a “Warrant”). Each whole Warrant is exercisable into one common share at a price of $0.50 for three years from the date of closing (the “Closing Date”).
Finder’s fees of 6% cash commission and 6% non-transferable share purchase warrants (“Finder Warrants”) may be paid to eligible parties. Each Finder Warrant will be exercisable into one common share for 18 months from the Closing Date at $0.30.
Proceeds from the private placement will be used for exploration and working capital purposes. The shares, including any shares issued on exercise of the Warrants and Finder Warrants, will be subject to a four month restricted resale period from the Closing Date.