CRS Announces Closing of $297,300.25 Private Placement to Support the Exploration of its Recently Acquired Cimarron project
330 5th Ave, Suite 1800
Calgary, AB T2P 0L3
www.crestviewexploration.com
March 23, 2021
NR: 1-032321 CSE: CRS – FRA: CE7
Crestview Exploration Inc. Announces Closing of $297,300.25 Private Placement
to Support the Exploration of its Recently Acquired Cimarron project in Nye
County, Nevada, USA
Calgary, Canada, March 23, 2021 - Crestview Exploration Inc. (CSE: CRS, Frankfurt: CE7)
(“Crestview” or the “Company”) is pleased to announce it has closed a non-brokered private
placement by issuing 349,765 share units at $0.85 for gross proceeds of $297,300.25. Each
share unit consists of one common share and one and half (1/2) share purchase warrant, with
each full warrant exercisable into one common share at $1.25 for a two-year term.
The Company has paid $17,838.00 and issued 10,493 share warrants as compensation to
qualified finders. Each full warrant is exercisable at a price of CAD$1.25 for two-years from the
date of issuance.
The securities issued under the private placement will have a hold period expiring four month
and one day from the date of issuance pursuant to applicable Canadian securities laws.
The Company intends to use the funds for initial exploration on its newly acquired Cimarron
project in Nye County, NV. CRS announced this morning it had contracted AK Drilling to conduct
phase 1 of the drilling program on the project.
None of the securities offered in connection with the Financing will be registered under the United States
Securities Act of 1933, as amended (the “1933 Act”), 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.
About Crestview Exploration Inc:
Crestview Exploration is a technology driven, well-funded and experienced exploration company focused
on finding gold and silver deposits in mining friendly jurisdictions. The Crestview’s projects Rock Creek,
Divide, and Castile Mountain are situated in the Tuscarora Mountains of northern Elko County, Nevada.
The company’s Tuscarora properties combined comprise a total of 101 unpatented lode mining claims,
with 74 claims at Rock Creek, 19 claims at Divide, and 8 claims at Castile Mountain.
The Cimarron project is located in the San Antonio Mountains of Nye County, Nevada, and is comprised
of 53 unpatented lode mining claims, including control of 6 historically producing claims associated with
the historic San Antonio mine.
For further information please contact:
Glen Watson, Chief Executive Officer
Tel: 1-604-803-5229
Email: [email protected]
www.crestviewexploration.com
NEITHER THE CANADIAN SECURITIES EXCHANGE NOR ITS REGULATION SERVICES PROVIDER
HAS REVIEWED OR ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS
RELEASE
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.