Crestview Exploration Announces $500,000 Private Placement
330 5th Ave, Suite 1800
Calgary, AB T2P 0L3
www.crestviewexploration.com
NR: 1-121422 CSE: CRS – FRA: CE7
Crestview Exploration Announces $500,000 Private Placement
Calgary, Canada December 14, 2022 – Crestview Exploration Inc. (CSE: CRS, Frankfurt: CE7)
(“Crestview” or “the Company”) intends to undertake a non-brokered private placement financing to raise
gross proceeds of up to $500,000 from the sale of up to 5 million units at a price of 10 cents per unit.
Each unit shall be comprised of one common share of the company and one common share purchase
warrant. Each warrant will entitle the holder thereof to acquire one common share from the company at a
price of 20 cents per share for a period of 24 months from closing of the offering.
The company intends to use the net proceeds from the offering for continuation of geological analysis
currently underway, property payments, working capital requirements, and other general corporate
purposes.
The closing of the offering is subject to certain conditions, including the approval of the Canadian
Securities Exchange (CSE). All securities issued pursuant to the offering will be subject to a statutory
four-month-and-one-day hold period from the closing date.
The company may pay a finder's fee in respect of those purchasers under the offering introduced to the
company by certain persons. Each finder will receive a cash payment equal to 6 per cent of the gross
proceeds received by the company from purchasers under the offering who were introduced to the
company by such finder.
None of the securities offered in connection with the Offering will be registered under the United States
Securities Act of 1933, as amended, or the securities laws of any state of the United States.
This news release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be
any sale of the securities in any state where such offer, solicitation, or sale would be unlawful.
On Behalf of the Board of Directors,
Chris Wensley, CEO
About Crestview Exploration Inc:
Crestview Exploration is an experienced exploration company focused on the exploration and development of its
portfolio of gold and silver properties located in prolific mining districts of Nevada.
The Rock Creek gold project is Crestview's flagship asset, with 74 unpatented lode mining claims wholly owned and
controlled by CRS. The Rock Creek property was acquired in 2017, and the company went public in 2019. Emboldened
by the results coming out of Rock Creek, Crestview strategically expanded on the land position with the acquisition
of the nearby Divide Mine prospect in April 2020, and the acquisition of the Falcon silver-gold prospect in September
2022. Between the three properties, all targeting similar mineralization and likely the same hydrothermal system,
Crestview now holds 260 total claims in close proximity of one another. These three gold prospects, along with the
nearby Castile prospect, are situated in a region with proven "world class" gold deposits (including Midas, Jerritt
Canyon, Betze-Post, Meikle, and Gold Quarry), where the potential of finding large, high-grade gold-silver deposits is
favourable.
The Cimarron project is located in the San Antonio Mountains of Nye County, Nevada, and is comprised of 31
unpatented lode mining claims, including control of 6 historically producing claims associated with the historic San
Antonio mine. The property is located in the prolific Walker-Lane trend, approximately 44 kms south of the "world
class" Round Mountain deposit.
For further information please contact:
Chris Wensley, Chief Executive Officer
Tel: 1-778-887-3900
Email: [email protected]
Forward-Looking Information
This news release includes certain information that may be deemed “forward-looking information” under applicable securities
laws. All statements in this release, other than statements of historical facts, that address acquisition of the Property and future
work thereon, mineral resource and reserve potential, exploration activities and events or developments that the Company expects
is forward-looking information. Although the Company believes the expectations expressed in such statements are based on
reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ
materially from those in the statements. There are certain factors that could cause actual results to differ materially from those in
the forward-looking information. These include the results of the Company’s due diligence investigations, market prices,
exploration successes, continued availability of capital financing, and general economic, market or business conditions, and those
additionally described in the Company’s filings with the Canadian securities authorities.
Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may
differ materially from those projected in the forward-looking information. For more information on the Company, investors are
encouraged to review the Company’s public filings at www.sedar.com. The Company disclaims any intention or obligation to
update or revise any forward- looking information, whether as a result of new information, future events or otherwise, other than
as required by law.
NEITHER THE CANADIAN SECURITIES EXCHANGE NOR ITS REGULATION SERVICES PROVIDER HAS REVIEWED
OR ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE