Business
Crestview Exploration Inc. Announces Closing of $297,300.25 Private Placement to Support the Exploration of Its Recently Acquired Cimarron Project in Nye County, Nevada, USA
Calgary, Alberta--(Newsfile Corp. - March 23, 2021) - Crestview Exploration Inc. (CSE: CRS) (FSE: CE7) ("Crestview" or the "Company") is pleased to announce it
About this update from Gold Runner Exploration Inc.
[{"type":"text","content":" Calgary, Alberta--(Newsfile Corp. - March 23, 2021) - 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 349,765 share units at $0.85 for gross proceeds of $297,300.25. Each share unit consists of one common share and one and half (1/2) share purchase warrant, with each full warrant exercisable into one common share at $1.25 for a two-year term. The Company has paid $17,838.00 and issued 10,493 share warrants as compensation to qualified finders. Each full warrant is exercisable at a price of CAD$1.25 for two-years from the date of issuance. The securities issued under the private placement will have a hold period expiring four months and one day from the date of issuance pursuant to applicable Canadian securities laws. The Company intends to use the funds for initial exploration on its newly acquired Cimarron project in Nye County, NV. CRS announced this morning it had contracted AK Drilling to conduct phase 1 of the drilling program on the project. 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 Crestview's projects Rock Creek, Divide, and Castile Mountain are situated in the Tuscarora Mountains of northern Elko County, Nevada. The company's Tuscarora properties combined comprise a total of 101 unpatented lode mining claims, with 74 claims at Rock Creek, 19 claims at Divide, and 8 claims at Castile Mountain. The Cimarron project is located in the San Antonio Mountains of Nye County, Nevada, and is comprised of 53 unpatented lode mining claims, including control of 6 historically producing claims associated with the historic San Antonio mine. For further information please contact:Glen Watson, Chief Executive OfficerTel: 1-604-803-52...