Crestview Exploration Closes Second Tranche of Non-Brokered Private Placement Financing
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Crestview Exploration Closes Second Tranche of Non-Brokered Private Placement
Financing
Vancouver, Canada April 1 6, 2024 – Crestview Exploration Inc . ( CSE: CRS, Frankfurt:
CE7) (“Crestview” or “the Company”) is pleased to announce that it has closed the second tranche
of its non-brokered private placement financing that was previously announced on March 21, 2024.
In this second tranche an aggregate of 1,995,000 units were issued at a price of $0.05 per unit for
gross proceeds of $99,75 0 (the “Offering”). Each unit consists of one common share of the
Company and one share purchase warrant and each warrant is exercisable into one common share
of the Company at a price of $0.10 per common share for a term of two -years from the date of
issuance. The Company intends to use the proceeds of this Offering for general and administrative
purposes, option payments, and pre-drilling and exploration activities at its Nevada properties.
The securities issued under the Offering will have a hold period expiring four months and one day
from the date of issuance pursuant to applicable Canadian securities laws. Closing of the Offering
remains subject to regulatory approvals, including approval of the Canadian Securities Exchange.
In connection with this second tranche closing, the Company will pay $2,340.00 in cash and issue 46,800
warrants as compensation to qualified finders as part of this Offering. Each warrant is exercisable at a price
of $0.10 for a term of two-years from the date of issuance.
The securities offered in the Offering have not been, and will not be, registered under the United
States Securities Act of 1933, as amended, (the "U.S. Securities Act") or any U.S. state securities
laws, and may not be offered or sold in the United States or to, or for the account or benefit of,
United States persons absent registration or any applicable exemption from the registration
requirements of the U.S. Securities Act and applicable U.S. state securities laws. This news release
does not constitute a n offer to sell or the solicitation of any offer to buy securities in the United
States, nor in any other jurisdiction.
On Behalf of the Board of Directors,
“Chris Wensley”
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 Tuscarora Complex includes the Rock Creek, Dry Creek, and Falcon claim blocks for a total of 239
claims. The Rock Creek gold project is Crestview’s flagship asset, with 72 unpatented lode mining claims
wholly owned and controlled by Crestview. 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 claim staking at Dry Creek (43 claims), and later
(September, 2022) with the acquisition of the Falcon silver-gold prospect (124 claims). These three claim
blocks are all within close proximity and are targeting similar mineralization and likely the same
underlying hydrothermal system. The Tuscarora Complex is 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 favorable.
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