Crystal Lake Announces Debt Settlement
Share Capital & Compensation
NEWS RELEASE
January 23, 2017 Symbol:-TSX-V: CLM CRYSTAL LAKE ANNOUNCES DEBT SETTLEMENT
Crystal Lake Mining Corporation (the “Company”) is pleased to announce that is has agreed to debt settlements (the “Debt Settlements”) whereby it will issue up to 1,325,577 common shares (“Shares”) to creditors, at a deemed value of $0.30 per Share, to settle debts aggregating CDN$397,673.
| The debt settlement remain subject to TSX-V approval. | |
| About the Company | |
| Crystal Lake Mining Corporation is a mineral exploration company focused on creating value | |
| through the exploration and development of its British Columbia and it growing portfolio of Ontario | |
| mineral properties. | |
| On behalf of The Board of Directors | |
| Wally Boguski | |
| President & CEO, Crystal Lake Mining Corporation | |
| This news release contains certain forward looking statements which involve known and unknown risks, delays, and uncertainties | |
| not under the control of Crystal Lake Mining Corporation which may cause actual results, performance or achievements of Crystal | |
| Lake Mining Corporation on to be materially different from the results, performance or expectation implied by these forward | |
| looking statements. | |
| Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture | |
| Exchange) accepts responsibility for the adequacy or accuracy of this press release, which has been prepared by management. |
Canada: USA: 13236 Cliffstone Crt. 1021-100 Easy St. Lake Country, BC V4V 2R1 Carefree, AZ 85377 Tel: (250) 766-1517 Tel: (480) 575-1220 Fax: (250) 766-1836 Fax: (480) 488-3492 www.crystallakeminingcorp.com [email protected]