Cr Capital Corp. Signs Definitive Agreement to Acquire 100% Interest IN Unpatented Mining Claims Situated IN Kinkaid, Ryan, and Palmer Townships
CR CAPITAL CORP. SIGNS DEFINITIVE AGREEMENT TO ACQUIRE
100% INTEREST IN UNPATENTED MINING CLAIMS SITUATED IN
KINKAID, RYAN, AND PALMER TOWNSHIPS
Toronto, Ontario, September 20, 2017 : CR Capital Corp. ( NEX: CIT.H) (“CR Capital” or
the “Company”) is pleased to announce that it has en tered into a definitive purchase agreement
dated September 20, 2017 (the “Agreement”) to acquire from Superior Copper Corporation (the
“Vendor”) a 100% interest in one hundred thirty-t wo (132) unpatented mining claims (the
“Claims”) situated in Kinkaid, Ryan and Palmer townships in the Province of Ontario (the
“Transaction”).
Pursuant to the terms of the Agreement, the Ven dor has agreed to sell, transfer, convey, assign
and deliver to the Company: (i) all right, title and interest to the Claims; and (ii) its rights and
interest to all core, photocopies of all maps, repor ts, results of surveys and drilling and any other
reports of information prepared or in possession or under the control of the Vendor relating to the
Claims (items (i)-(ii) are collectively referred to herein as the “Mining Assets”), in consideration
for the issuance of two (2) million common shares in the capital stock of the Company and the
grant of a 0.5% net smelter return royalty on the Claims in favour of the Vendor.
The securities issued and issuable pursuant to the Transaction will be subject to a four month and
one day statutory hold period.
A complete copy of the Agreement is availa ble under the Company’s SEDAR profile at
www.sedar.com.
The Transaction is subject to the receipt of a pplicable regulatory approvals by the Company and
the satisfaction of certain other closing conditions customary in transactions of this nature.
Early Warning Report
Pursuant to the Transaction a nd subject to the receipt of requisite approvals, the Vendor will
acquire two (2) million common shares in th e capital stock of the Company. Prior to the
Transaction, the Vendor did not own any comm on shares of the Company. The acquisition of
two (2) million common shares pursuant to the Transaction will bring the holdings in the capital
of the Company of the Vendor to approximate ly 19.36% of the issued and outstanding common
shares of the Company.
As a result of the Transaction, the number of common shares the Vendor will own will exceed
10% of the then issued and out standing common shares of the Co mpany. In satisfaction of the
requirements of the National Instrument 62-104 – Take-Over Bids and Issuer Bids and National
Instrument 62-103 – The Early Warning System and Re lated Take-Over Bid and Insider
Reporting Issues, an Early Warning Report respecting the acquisition of common shares by the
Vendor will be filed under the Company’s SEDAR Profile at www.sedar.com.
About CR Capital Corp.
CR Capital Corp. is engaged in the acquisition, e xploration and evaluation of properties for the
mining of precious and base metals.
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For more information please contact:
Mr. Brian Howlett
President & CEO
CR Capital Corp.
Cell: 647-227-3035
Caution Regarding Forward-Looking Information
This news release contains forward-looking info rmation that involves s ubstantial known and unknown
risks and uncertainties, most of which are beyond the control of CR Capital. Forward-looking statements
include estimates and statements that describe CR Cap ital’s future plans, objectives or goals, including
words to the effect that CR Capital or its manageme nt expects a stated condition or result to occur.
Forward-looking statements may be identified by su ch terms as “believes”, “anticipates”, “expects”,
“estimates”, “may”, “could”, “would”, “will”, or “plan”. Since forward-looking statements are based on
assumptions and address future events and conditions, by their very nature they involve inherent risks and
uncertainties. Although these statements are based on info rmation currently available to CR Capital, CR
Capital provides no assurance that actual results will meet management’s expectations. Risks,
uncertainties and other factors involved with forw ard-looking information could cause actual events,
results, performance, prospects and opportunities to diffe r materially from those expressed or implied by
such forward-looking information. Forward looking info rmation in this news release includes, but is not
limited to, CR Capital’s objectives, goals or future pl ans, statements, details of the exploration results,
potential mineralization, CR Capital’s portfolio, treasury, management team and enhanced capital markets
profile, the timing of the Transaction, the estimat ion of mineral resources, exploration and mine
development plans, timing of the commencement of operations and estimates of market conditions.
Factors that could cause actual results to differ materially from such forward-looking information include,
but are not limited to, failure or inability to complete the Transaction on the term s as announced or at all,
regulatory approval processes, failure to identify mineral resources, delays in obtaining or failures to
obtain required governmental, regulatory, environmen tal or other project approvals, political risks,
inability to fulfill the du ty to accommodate First Nations and other indigenous peoples, uncertainties
relating to the availability and costs of financing n eeded in the future, changes in equity markets,
inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of
projects, capital and operating costs varying significan tly from estimates and the other risks involved in
the mineral exploration and development industry, and those risks set out in CR Capital’s public
documents filed on SEDAR. Although CR Capital believes that the assumptions and factors used in
preparing the forward-looking information in this news release are reasonable, undue reliance should not
be placed on such information, which only applies as of the date of this news release, and no assurance
can be given that such events will occur in the discl osed time frames or at all. CR Capital disclaims any
intention or obligation to update or revise any forw ard-looking information, whether as a result of new
information, future events or otherwise, other than as required by law.
Neither the NEX nor its Regulation Services Provider (as that term is defined in the policies of the NEX)
accepts responsibility for the adequacy or accuracy of this news release.