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 Offering.
The net proceeds from the Offering will be used
to identify a potential qualifying transaction and for general
corporate and working capital purposes.
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 qualifying transaction.
SOURCE Everfront Ventures Corp.