Business
Crestview Exploration Announces Closing of First Tranche of Private Placement
Calgary, Canada – TheNewswire - March 15, 2023 – Crestview Exploration Inc. (CSE:CRS), (Frankfurt:CE7) (“Crestview” or the “Company”) is pleased to announce tha
About this update from Gold Runner Exploration Inc.
[{"type":"text","content":"Calgary, Canada – TheNewswire - March 15, 2023 – Crestview Exploration Inc. (CSE:CRS), (Frankfurt:CE7) (“Crestview” or the “Company”) is pleased to announce that is has closed, subject to Canadian Securities Exchange approval, the first tranche of its non-brokered private placement in the aggregate amount of $136,500 by issuing 1,300,000 units at a price of $0.105 per unit. Each unit consists of one common share of the Company and one share purchase warrant of the Company (the “Offering”). Each warrant is exercisable into one common share of the Company at a price of $0.20 for a term of two-years from the date of issuance. The Company intends to use the proceeds of this Offering for expanded geophysical surveying, claim expansion and general corporate purposes. The Company will pay $10,920.00 in cash and issue 104,000 warrants as compensation to qualified finders as part of this Offering. Each warrant is exercisable at a price of $0.20 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. None of the securities offered in connection with the Offering will be registered under the United States Securities Act of 1933, as amended, or the securities laws of any state of the United States. 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. On Behalf of the Board of Directors, “Chris Wensley”, CEO About Crestview Exploration Inc: Crestview Exploration is an experienced exploration company focused on the exploration and development of its portfolio of gold and silver properties located in prolific mining districts of Nevada. The Rock Creek gold project is Crestview's flagship asset, with 74 unpatented lode mining claims wholly owned and controlled by CRS. The Rock Creek property was acquired in 2017, and the company went public in 2019. Emboldened by the results coming out of Rock Creek, Crestview strategically expanded on the land position with the acquisition of the nearby Divide Mine prospect in April 2020, and the acquisition of the Falcon silver-gold prospect in September 2022. Between the three prope...