Vancouver B.C. – May 23, 2017: Evrim Resources Corp. (TSX.V:EVM) (“Evrim” or the “Company”) announces that, further to its announcements on April 27 and May 1, 2017, the Company has closed the private placement. The Company has issued 14,349,760 units (“Units”) at a price of $0.30 per Unit for gross proceeds of $4,304,928. Each Unit consisted of one common share and one-half non-transferable share purchase warrant. Each whole warrant (a “Warrant”) is exercisable into one common share at a price of $0.50 until May 19, 2020.
Finder’s fees of $179,400 were paid and 598,000 Finder’s warrants (“Finder Warrants”) were issued to Sprott Global Resource Investments, Ltd., Canaccord Genuity Corp., Haywood Securities Inc., and PI Financial Corp. in conjunction with the private placement. Each Finder Warrant is exercisable into one common share at a price of $0.30 until November 19, 2018.