/NOT FOR DISTRIBUTION IN THE UNITED STATES OR THROUGH UNITED STATES WIRE
CALGARY, Sept. 14 /CNW/ - Everest Ventures Corp. ("Everest") is pleased
to announce that it has successfully completed its initial public offering
through Blackmont Capital Inc. of 2,000,000 common shares at a price of
$0.10 per share, raising aggregate gross proceeds of $200,000.
Everest has received conditional listing approval for its common shares
on the TSX Venture Exchange Inc. (the "Exchange") and expects that once it
completes its application for listing and receives final listing approval,
trading will commence shortly thereafter under the symbol "EVE.P". Investors
are cautioned that trading in securities of a capital pool company should be
considered highly speculative.
Everest is a capital pool company governed by Exchange policies.
Everest's principal business is the identification and evaluation of assets or
businesses with a view to completing a Qualifying Transaction within the
meaning of Exchange policies.
This press release contains statements about expected or anticipated
future events that are forward-looking in nature and, as a result, are subject
to certain risks and uncertainties, such as final listing approval. Although
Everest believes that the expectations reflected in these forward-looking
statements are reasonable, undue reliance should not be placed on them. Since
forward-looking statements address future events and conditions, by their very
nature they involve inherent risks and uncertainties. The forward-looking
statements contained in this press release are made as of the date hereof and
Everest undertakes no obligation to update publicly or revise any
forward-looking statements or information, except as required by law.
THE TSX VENTURE EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY
OR ACCURACY OF THIS RELEASE
For further information:
For further information: Darcy Krogh, President, Chief Executive Officer
and Chief Financial Officer, Telephone: (604) 669-4180, Facsimile: (604)