Crest Closes Second Tranche of Private Placement
CREST RESOURCES INC.
#2501-550 Burrard Street Vancouver BC V6C 2B5
NEWS RELEASE
CREST CLOSES SECOND TRANCHE OF NON-BROKERED PRIVATE PLACEMENT
Not for distribution to United States Newswire Services or for dissemination in the United States
Vancouver, B.C. – August 15, 2024 ‐ Crest Resources Inc. (CSE: CRES) (the “Company” or “ Crest”) is
pleased to announce that, further to its news releases of July 26 and August 12, 2024, it has closed the second
tranche of its non-brokered private placement and has raised an additional $145,000 through the issuance of
2,900,000 common shares at a price of $0.05 per share. All shares issued are subject to a four month hold
period expiring December 16, 2024. Proceeds will be used for general working capital. Total raised to date
pursuant to this Offering is $565,000.
Insiders participated in the Offering for $40,000. The issuance of shares to insiders is considered a "related
party transaction" within the meaning of Multilateral Instrument 61 -101 – Protection of Minority Security
Holders in Special Transactions ("MI 61 - 101"). The Company is relying on exemptions from the formal
valuation re quirements of MI 61 -101 pursuant to section 5.5(a) and the minority shareholder approval
requirements of MI 61 -101 pursuant to section 5.7(1)(a) in respect of such insider participat ion as the fair
market value of the transaction, insofar as it involves interested parties, does not exceed 25% of the Company's
market capitalization.
The securities referred to in this news release 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 state securities laws and may not be
offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent registration
under the U.S. Securities Act and applicable state securities laws, unless an exemption from such registration
is available. This news release does not constitute an offer for sale of securities for sale, nor a solicitation for
offers to buy any securities. Any public offering of securities in the United States must be made by means of
a prospectus containing detailed information about the company and management, as well as finan cial
statements. “United States” and “U.S. person” have the respective meanings assigned in Regulation S under
the U.S Securities Act.
FOR FURTHER INFORMATION CONTACT:
Jason Cubitt
Chief Executive Officer
Emma Fairhurst
Chairperson
Crest Resources Inc.
Telephone: 778 819 1870
Neither the Canadian Securities Exchange nor its Regulation Service Provider (as the term is defined in
the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy of accuracy of
this news release.