TORONTO, Oct. 29, 2013 /CNW/ - Everfront Ventures Corp. ("Everfront") (TSXV: EVC.P) is pleased to announce it has commenced a non-brokered private placement
consisting of approximately 2,400,000 common shares at a purchase price
of $0.05 for gross proceeds of $120,000 (the "Offering"). The Offering will be made by way of private placement exemptions in
accordance with applicable securities laws in the Provinces of Ontario,
Alberta and British Columbia.
Everfront has not retained an agent in connection with the Offering and
no broker fees will be paid in connection therewith. The common shares
issued as part of the Offering will be subject to a statutory hold
period of 4-months plus one day following closing of the Offering in
accordance with applicable securities legislation. No directors,
officers or insiders of Everfront will be participating in the
The net proceeds from the Offering will be used to identify a potential
qualifying transaction and for general corporate and working capital
Neither 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.
Everfront Ventures Corp. is a capital pool company listed on the TSXV.
Everfront was established pursuant to the CPC Policy which permits an
initial public offering and a TSXV listing by a newly created company
that has no assets, other than cash, and has not commenced commercial
operations. The principal business of Everfront has been the
identification and evaluation of assets with a view to completing a
SOURCE: Everfront Ventures Corp.
For further information:
Joshua Gerstein at (416) 479-8623