Vancouver, BC - January 27, 2011:
Evrim Resources Corp. (TSXV: EVM) ("Evrim" or the "Company") is pleased to announce that its common shares were listed for trading on the TSX Venture Exchange on January 25, 2011 under the symbol EVM.
The listing is a result of a merger between Evrim Metals and Avaranta (formerly a CNSX listed Company) that was approved by shareholders on December 23, 2010. Evrim recently closed a non-brokered private placement that raised gross proceeds of $7,103,000 at a price of $0.50 per share. The Company has 24,006,002 shares issued and outstanding or 24,406,002 shares on a fully diluted basis. Management owns approximately 28% of the issued and outstanding shares of the Company.
Evrim is a well financed junior exploration company holding nine quality copper and gold projects in Sonora, Mexico in addition to an extensive geological database covering parts of Mexico, Arizona, and New Mexico. Evrim's business plan involves generating a portfolio of prospective mineral properties and advancing exploration targets through option and joint venture agreements with industry partners to create shareholder value. The database enhances the sustainability of the business plan by providing a pipeline of new internally developed projects.
The Company's Board of Directors include Paddy Nicol, Paul van Eeden, David Caulfield, Michael McInnis and Ken Paul, encompassing extensive experience in geology, mineral exploration, finance, capital markets and public company management. The Board complements the Company's Executive Management team comprised of Paddy Nicol - President and Chief Executive Officer; Robert Duncan - Vice President Exploration; Dorothy Miller - Chief Financial Officer and Secretary; and Rory Kutlouoglu - Vice President Business Development.
The Board and Management of Evrim are highly qualified and positioned to execute the Company's objectives including the identification of qualified joint venture partners to fund exploration work on the projects. This strategy reduces the cost and risk associated with early stage mineral exploration by maximizing the probability of project success, where the risk is greatest, and minimizing shareholder dilution at the corporate level. In this way shareholders are given the largest possible equity stake in a future discovery at the lowest possible cost.
For further information on Evrim please visit http://www.evrimresources.com/
On Behalf of the BoardEVRIM RESOURCES CORP.
President, CEO, & Director
To find out more about Evrim Resources Ltd., please contact Paddy Nicol, President or Rory Kutluoglu, VP Business Development at 604-248-8648.Forward Looking InformationThis 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.