Crest Acquires Additional Shares of Ocp Holdings and Issues Stock Options
CREST RESOURCES INC.
S u i t e 3 0 4 3 - 5 95 B u r ra r d S t r e e t , V a n c o u v e r , B C V 7 X 1 J 1
NEWS RELEASE
CREST ACQUIRES ADDITIONAL SHARES OF OCP HOLDINGS AND
ISSUES STOCK OPTIONS
Vancouver, B.C. – July 6th, 202 2 - Crest Resources Inc. (“Crest” or the “Company”) (CSE: CRES)
announces that it has exercised its option to acquire a further 2.1 million shares of the issued and outstanding
share capital of OCP Holdings Ltd. (“OCP”) from Garry Stock and 0744350 BC Ltd., a company
beneficially owned and controlled by Jason Cubitt.
The OCP shares were acquired for consideration of 2,688,000 common shares of the Company at a deemed
price of $0.10 per share (the “Crest Shares”). Together with shares previously purchased (see news release
dated December 15th, 2020), the Company now owns a total of 12,666,667 shares representing 43% of the
issued and outstanding shares of OCP. Both Jason Cubitt and Garry Stock are directors of the Company
and have abstained from voting on the transaction. The Crest Shares are subject to a statutory four month
hold period expiring November 7, 2022.
Stock Options
The Company also announces that, in accordance with the Company’s stock option plan, it has granted to
an officer of the Company incentive stock options to purchase 200,000 common shares of the Company
exercisable on or before July 6, 2027 at a price of $0.06. All stock options will vest over 24 months, as to
20% immediately and 20% every 6 months thereafter.
FOR FURTHER INFORMATION CONTACT:
Jason Cubitt
Chief Executive Officer
Emma Fairhurst
Executive Chairperson
Crest Resources Inc.
778-819-2709
Neither the Canadian Securities Exchange nor its Regulation Service Provider (as the term is defined in
the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy of accuracy of
this news release.