Brigus Gold ULC Holds 11.39% of Everton Resources Inc.
HALIFAX, Nova Scotia--(BUSINESS WIRE)-- Brigus Gold ULC (NYSE MKT: BRD; TSX: BRD)(the "Corporation"), a wholly-owned subsidiary of Brigus Gold Corp. ("Brigus"), has acquired ownership of 15,000,000 common shares (the "Common Shares") of Everton Resources Inc. ("Everton"), representing approximately 11.39% of the issued and outstanding shares of Everton, in connection with an acquisition by Everton of all of the issued and outstanding common shares of Linear Gold Caribe, S.A., a wholly-owned subsidiary of the Corporation. Please see the press release of Everton and Brigus issued on October 23, 2012 for further details about the acquisition.
The Corporation will evaluate its ownership position in the common shares from time to time, and depending upon Everton's business and prospects, the financial circumstances and needs of the Corporation and future developments (including, but not limited to, availability of funds, alternative use of funds and general economic and market conditions), the Corporation may from time to time purchase common shares of Everton, dispose of all or a portion of the common shares of Everton it holds, or cease buying or selling common shares of Everton. Any additional purchases of common shares of Everton may be made in the open market or privately-negotiated transactions, or otherwise.
KEYWORDS: North America Canada
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