(via TheNewswire)
The company intends to use the net proceeds from the offering for pre-drilling preparation and permitting, 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 up to 8 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
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,
About
The
The Cimarron project is located in the
For further information please contact:
Tel: 1-778-887-3900
Email:Chris@crestviewexploration.com
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
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