Crystal Peak Announces Issuance of Shares as Interest Payment Pursuant to Convertible Loan Agreement With EMR
Crystal Peak Announces Issuance of Shares as Interest Payment Pursuant to
Convertible Loan Agreement With EMR
TORONTO, March 29, 2019 -- Crystal Peak Minerals Inc. (Crystal Peak or the Company) (TSXV: CPM, OTCQX: CPMMF)
announced that it has issued 4,275,581 common shares in the capital of the Company ( Common Shares) at a deemed value
of C$0.185 per Common Share to settle an interest payment pursuant to the 2018 convertible loan agreement with EMR
Capital Investment (No. 5B) Pte. Ltd., an affiliate of EMR Capital Resources Fund 1, LP, its largest shareholder.
About Crystal Peak Minerals Inc.
Crystal Peak is focused on the production of premium-priced specialty fertilizers such as Sulfate of Potash (SOP). The
Company controls, directly, or through agreement, mineral leases on more than 124,000 acres on the Sevier Playa in Millard
County, Utah. With a brine mineral resource known to contain potassium, magnesium, sulfate, and other beneficial minerals,
Crystal Peak is targeting the production of SOP, specialty fertilizers and associated products through the use of brine
extraction and a cost-effective solar evaporation process. SOP and other specialty fertilizers are used in the production of high
value, chloride-sensitive crops such as tree nuts, fruits, and vegetables.
For further information, please contact:
Woods Silleroy
Corporate Secretary
(801) 485-0223
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Information
This news release contains “forward-looking information” within the meaning of applicable Canadian securities legislation.
Forward-looking information includes, but is not limited to, the permitting and construction of the Project, the targeting of the
development and production of specialty fertilizers and associated minerals, including SOP, through the use of a cost-effective
solar evaporation process; and Crystal Peak’s future business. Generally, forward-looking information can be identified by the
use of forward-looking terminology such as “plans”, “is expected”, “expects” or “does not expect”, “budget”, “scheduled”,
“estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, “believes”, or variations of such words and phrases; or
terms that state that certain actions, events, or results “may”, “could”, “would”, “might”, or “will be taken”, “could occur”, or “be
achieved”. Forward-looking information is based on the opinions and estimates of management at the date the information is
made, and is based on, a number of assumptions and is subject to known and unknown risks, uncertainties and other factors,
including but not limited to the timing of obtaining the necessary funding and permits to proceed with the Project, that may
cause the actual results, level of activity, performance or achievements of Crystal Peak to be materially different from those
expressed or implied by such forward-looking information. Although Crystal Peak has attempted to identify important factors
that could cause actual results to differ materially from those contained in forward-looking information, there may be other
factors that cause results not to be as anticipated, estimated, or intended. There can be no assurance that such information
will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information.
Accordingly, readers should not place undue reliance on forward-looking information. Crystal Peak does not undertake to
update any forward-looking information, except in accordance with applicable securities laws.