TORONTO, April 21, 2014 /CNW/ - Joshua Gerstein announces that he has acquired beneficial ownership of 476,000 common shares of Everfront Ventures Corp. ("Everfront") at an average price per share of $0.048 through the facilities of the TSX Venture Exchange and the Alpha Exchange. Immediately following the transaction, Mr. Gerstein owned an aggregate of 613,500 common shares of Everfront and the rights to acquire an additional 134,419 common shares of Everfront upon the exercise of options at a strike price per option of $0.20 (the "Options"). In the event that the Options are fully exercised, the holdings of Mr. Gerstein represent a total of 747,919 common shares of Everfront, or approximately 13.3% of all issued and outstanding common shares of Everfront as at April 16, 2014, calculated on a partially diluted basis assuming the exercise of the Options only.
The common shares were acquired for investment purposes. Subject to any escrow restrictions, Mr. Gerstein may from time to time acquire additional securities of Everfront, dispose of some or all of the existing or additional securities he holds or will hold, or may continue to hold his current positions.
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
SOURCE: Everfront Ventures Corp.
For further information: please contact Joshua Gerstein at (416) 479-8623.