Business
Crestview Exploration Inc. Announces Closing of a $2,090,990.40 Private Placement to Support its Exploration Projects in Elko County, Nevada, USA
Calgary, Alberta--(Newsfile Corp. - December 18, 2020) - Crestview Exploration Inc. (CSE: CRS) (FSE: CE7) ("Crestview" or the "Company") is pleased to announce
About this update from Gold Runner Exploration Inc.
[{"type":"text","content":" Calgary, Alberta--(Newsfile Corp. - December 18, 2020) - Crestview Exploration Inc. (CSE: CRS) (FSE: CE7) (\"Crestview\" or the \"Company\") is pleased to announce it has closed a non-brokered private placement by issuing 6,969,968 share units for gross proceeds of $2,090,990.40. Each share unit consists of one common share and one share purchase warrant, with each warrant exercisable into one common share at $0.40 for a three-year term. The Company has issued a total of $36,696.00 and 122,320 Warrants as compensation to qualified finders. Each warrant is exercisable at a price of CAD$0.40 for three-year from the date of issuance. The securities issued under the private placement will have a hold period expiring four month and one day from the date of issuance pursuant to applicable Canadian securities laws. The Company intends to use the funds for developing and exploring its flagship Rock Creek project as well as the Divide Mine and Castile Mountain precious metal projects, and for general working capital. None of the securities offered in connection with the Financing will be registered under the United States Securities Act of 1933, as amended (the \"1933 Act\"), 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. About Crestview Exploration Inc: Crestview Exploration is a technology driven, well-funded and experienced exploration company focused on finding gold and silver deposits in mining friendly jurisdictions. The company's flagship project Rock Creek as well as the Divide Mine and Castile Mountain precious metal projects are located in the Tuscarora mining district in north-central Nevada, in Elko County. For further information please contact: Glen WatsonChief Executive OfficerTel: 1-604-803-5229Email: [email protected] www.crestviewexploration.com NEITHER THE CANADIAN SECURITIES EXCHANGE NOR ITS REGULATION SERVICES PROVIDER HAS REVIEWED OR ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE Forward-Looking Information This news release includes certain information that may be deemed \"forward-looking information\" under applicable securities laws. All statements in this relea...