Ecrtf: Pink Sheets Colombia Crest Gold Announces Private Placement Financing

April
22,
2013
 CLB:
TSX.VENTURE NEWS
RELEASE
 EAT:
FE.FRANKFURT
 ECRTF:
PINK
SHEETS


COLOMBIA
CREST
GOLD
ANNOUNCES
PRIVATE
PLACEMENT
FINANCING



April
22,
2013,

VANCOUVER,
BC
‐
 Colombia
Crest
 Gold
Corp.
(“Colombia
 Crest”;
the
“Company”)
(TSX‐V:
 CLB;
Pink
Sheets:
ECRTF;
Frankfurt:
EAT)
is
pleased
to
announce
that
it
has
arranged
a
non‐brokered
private placement
of
units
(each
a
“Unit”)
at
the
price
of
$0.05
per
Unit
to
raise
gross
proceeds
of
$146,000.

Each
Unit will
 be
 comprised
 of
 one
 common
 share
 and
 one
 transferable
 share
 purchase
 warrant.
 
 Each
 warrant
 will entitle
the
holder
to
purchase
one
additional
common
share
at
the
price
of
$0.10
for
one
year
after
Closing, $0.15
during
the
second
year
after
Closing
and
$0.20
during
the
third
year
after
Closing.

Proceeds
from
the
financing
will
be
used
for
general
working
capital.

The
Company
has
agreed
to
pay
finder’s fees
in
respect
of
a
portion
of
the
financing
in
accordance
with
the
policies
of
the
TSX
Venture
Exchange.

The proposed
 private
 placement
 and
 finder’s
 fees
 are
 subject
 to
 TSX
 Venture
 Exchange
 acceptance.
 
 All
 shares issued
pursuant
to
the
offering,
and
any
shares
issued
pursuant
to
the
exercise
of
warrants
will
be
subject
to
a four‐month
hold
period
from
the
Closing
date.

About
Colombia
Crest
Gold
Corp.


Colombia
Crest
Gold
Corp.
is
focused
on
systematically
exploring,
developing
and
monetizing
promising
new gold
 projects
 in
 Colombia.
 
 The
 Company
 employs
 a
 team
 of
 seasoned
 geologists,
 many
 with
 20+
 years
 of experience
exploring
and
discovering
porphyry
deposits
around
the
world,
including
Argentina,
Peru,
Ecuador, Mexico,
Alaska,
Indonesia,
and
Eastern
Europe.

The
Company
is
currently
carrying
on
exploration
programs
at
the
Fredonia
and
Venecia
projects
where
it
has optioned
 over
 27,700
 hectares
 located
 approximately
 40
 km
 south
 of
 the
 city
 of
 Medellín,
 in
 Antioquia Province.

The
properties
are
positioned
within
the
Middle
Cauca
Belt,
the
most
prolific
gold
belt
in
Colombia with
more
than
500
years
of
gold
mining
history
and
several
new
gold
discoveries.

If
 you
 would
 prefer
 to
 receive
 news
 releases
 via
 email
 please
 contact
 Colombia
 Crest
 ([email protected])
and
specify
“Colombia
Crest
news”
in
the
subject
line.


For
more
information,
please
contact:


Hans
Rasmussen
 Chelsea
Jones

President
and
CEO
 Corporate
Communications


Office:
604‐684‐7160

 
 Cellular:
604‐354‐2435 Cellular:
801‐554‐2074
 
 E‐mail:
[email protected] E‐mail:
[email protected]

Please
visit
the
Company’s
website
at
www.ColombiaCrestGold.com.