TORONTO, Nov. 12, 2013 /CNW/ - Everfront Ventures Corp. ("Everfront") (TSXV: EVC.P) is pleased to announce it has completed its previously announced
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"). Everfront has not retained an agent in connection with the Offering
and no broker fees have been paid in connection therewith. The common
shares issued as part of the Offering are subject to a statutory hold
period which will expire 4-months plus one day following closing of the
Offering in accordance with applicable securities legislation. No
directors, officers or insiders of Everfront have participated 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 the TSX Venture Exchange ("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 TSXV Policy 2.4 - Capital Pool Companies 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 qualifying transaction.
SOURCE: Everfront Ventures Corp.
For further information:
Joshua Gerstein at (416) 479-8623