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  • Crestview Exploration (CRS) has closed the second tranche of a non-brokered private placement for gross proceeds of $189,999.99
  • The company issued 1,266,666 units at a price of $0.15 per unit
  • The company intends to use the proceeds of this tranche for expanded geophysical surveying, ongoing field work, claim expansion and general corporate purposes
  • Crestview Exploration is an exploration company focused on finding gold and silver deposits in mining friendly jurisdictions
  • Crestview Exploration Inc. was unchanged at $0.22 at 09:40 ET

Crestview Exploration (CRS) has closed the second tranche of a non-brokered private placement for gross proceeds of $189,999.99.

Crestview Exploration issued 1,266,666 units at a price of $0.15 per unit.

This closing is subject to Canadian Securities Exchange approval.

Each unit consists of one common share of the company and one share purchase warrant of the company.

Each warrant is exercisable into one common share of the company at a price of $0.30 for a term of two-years from the date of issuance.

Crestview Exploration intends to use the proceeds of this tranche for expanded geophysical surveying, ongoing field work, claim expansion and general corporate purposes.

The company has paid $10,500 in cash and issued 70,000 warrants as compensation to qualified finders as part of this Offering. Each warrant is exercisable at a price of $0.30 for a term of two-years from the date of issuance.

The securities issued under the Offering will have a hold period expiring four months and one day from the date of issuance pursuant to applicable Canadian securities laws.

This news release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of the securities in any state where such offer, solicitation, or sale would be unlawful.

Crestview Exploration is an exploration company focused on finding gold and silver deposits in mining friendly jurisdictions.

Crestview Exploration Inc. was unchanged at $0.22 at 09:40 ET.


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