Crest Announces Share Consolidation
CREST RESOURCES INC.
2900-733 Seymour Street, Vancouver BC V6B 0S6 T 778-819-2709
NEWS RELEASE
CREST ANNOUNCES SHARE CONSOLIDATION
Vancouver, B.C. – September 29, 2023 ‐ Crest Resources Inc. (CSE: CRES) (the “Company” or “Crest”) announces that the board of directors of the Company have approved by board resolution consolidation of all of its issued and outstanding securities on a four (4) for one (1) basis pursuant to the policies of the Canadian Securities Exchange. Currently, the Company’s authorized share capital is an unlimited number of common shares without par value, of which 50,799,009 shares are issued and outstanding with a further 26,786,666 shares reserved for issuance upon the exercise of outstanding warrants and 3,133,333 shares reserved for issuance upon the exercise of outstanding options. Following consolidation and subject to rounding, Crest will have issued and outstanding 12,699,752 common shares, subject to shares being issued pursuant to outstanding warrants and options being exercised prior to the effective date of the consolidation. The board of directors believe that the share consolidation will provide the Company with increased flexibility to seek financing opportunities and strategic acquisitions.
The Company does not intend to undergo a name change in conjunction with the proposed consolidation.
About Crest Resources Inc.
The Company’s principal business activity is the acquisition, exploration and evaluation of mineral property assets in Canada and Australia and the investment in mineral exploration companies and related mining technologies of merit.
FOR FURTHER INFORMATION CONTACT:
Jason Cubitt Chief Executive Officer
Emma Fairhurst Executive Chairperson
Crest Resources Inc.
Telephone: 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.
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