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Crestview Exploration Announces $500,000 Private Placement
Calgary, Canada – TheNewswire - February 27, 2023 – Crestview Exploration Inc. (CSE:CRS), (Frankfurt:CE7) (“Crestview” or “the Company”) intends to undertake a
About this update from Gold Runner Exploration Inc.
[{"type":"text","content":"Calgary, Canada – TheNewswire - February 27, 2023 – Crestview Exploration Inc. (CSE:CRS), (Frankfurt:CE7) (“Crestview” or “the Company”) intends to undertake a non-brokered private placement financing to raise gross proceeds of up to $500,000 from the sale of up to 5 million units at a price of 10.5 cents per unit. Each unit shall be comprised of one common share of the company and one common share purchase warrant. Each warrant will entitle the holder thereof to acquire one common share from the company at a price of 20 cents per share for a period of 24 months from closing of the offering. The company intends to use the net proceeds from the offering for pre-drilling preparation and permitting, property payments, working capital requirements, and other general corporate purposes. The closing of the offering is subject to certain conditions, including the approval of the Canadian Securities Exchange (CSE). All securities issued pursuant to the offering will be subject to a statutory four-month-and-one-day hold period from the closing date. The company may pay a finder's fee in respect of those purchasers under the offering introduced to the company by certain persons. Each finder will receive a cash payment up to 8 per cent of the gross proceeds received by the company from purchasers under the offering who were introduced to the company by such finder. 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 ex...