Everton Resources in Kenora

There's a new mining company setting up shop in the Kenora area.

Everton Resources has tentatively agreed to acquire all of Hays Lake Gold.

The Ottawa based company has options to acquire land in the Shoal Lake region.

The Shoal Lake area contains two identified gold deposits.

The deal between the two mining companies means Everton will exchange its shares for Hays Lake Gold equity under an agreed-upon formula.