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Evrim Resources Corp. Announces $3.21 million Private Placement

27.04.2017  |  Newsfile
Vancouver, April 27, 2017 - Evrim Resources Corp. (TSXV: EVM) ("Evrim" or the "Company") announces a 10,700,000 unit private placement at $0.30 to raise gross proceeds of $3.21 million. Each unit will consist of one share and one-half non-transferable share purchase warrant (a "Warrant"). Each whole Warrant is exercisable into one common share at a price of $0.50 for three years from the date of closing (the "Closing Date").

Finder's fees of 6% cash commission and 6% non-transferable share purchase warrants ("Finder Warrants") may be paid to eligible parties. Each Finder Warrant will be exercisable into one common share for 18 months from the Closing Date at $0.30.

Proceeds from the private placement will be used for exploration and working capital purposes. The shares, including any shares issued on exercise of the Warrants and Finder Warrants, will be subject to a four month restricted resale period from the Closing Date.

About Evrim Resources

Evrim Resources is a mineral exploration company whose goal is to participate in significant exploration discoveries supported by a sustainable business model. The Company has a diverse range of quality projects and a database in Mexico and portions of southwestern United States. The existing projects, and generation of quality exploration targets and ideas, are advanced through option and joint venture agreements with industry partners to create shareholder value. Evrim's business plan also includes royalty creation utilizing the Company's exploration expertise and existing projects.

On Behalf of the Board
EVRIM RESOURCES CORP.

Paddy Nicol
President & CEO

To find out more about Evrim Resources Corp., please contact Paddy Nicol, President or Charles Funk, VP New Opportunities and Exploration at 604-248-8648, or visit www.evrimresources.com.

Forward Looking Information

This news release includes certain statements that may be deemed "forward looking statements". All statements in this news release, other than statements of historical facts, that address events or developments that Evrim Resources Corp. (the "Company") expects to occur, are forward looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur.

Although the Company believes the expectations expressed in such forward looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward looking statements. Factors that could cause the actual results to differ materially from those in forward looking statements include market prices, exploitation and exploration successes, and continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward looking statements. Forward looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by securities laws, the Company undertakes no obligation to update these forward looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.

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